RealityTrader Trading Log

Wednesday, December 31, 2008

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
[09:17] {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] {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 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 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}  - 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} 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 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}  {AXL JCI BWA MGA GT NAV}
 [14:04] {Threei}  that was 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" 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'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}  **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
 [15:41] {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

Tuesday, December 30, 2008

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] {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] {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}  - 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}  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}  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 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}  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 :)
[14:11] {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
[14:35] {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
[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

Monday, December 29, 2008

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}  **Note Crude drifting lower after Senegal Foreign Min stated that Hamas Chief Meshaal was ready to sign a peace agreement
[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
[10:10] {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}  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
[11:04] {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}
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}
[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} 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 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 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 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}  {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

Friday, December 26, 2008

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 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}  - 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 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: 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}  - 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 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

Wednesday, December 24, 2008

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] {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} 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 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 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} 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] {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}  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} 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 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.

Tuesday, December 23, 2008

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
[08:11] {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,
[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
[09:58] {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
[10:02] {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}  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 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
[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 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 terms of goin 1/2 or full'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}
[14:01] {ese} 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:
[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 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
[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] {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

Monday, December 22, 2008

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 at its lowest level since Sept 12th
[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}  - 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} 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'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
[10:37] {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
[10:43] {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] {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}  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, 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}  - 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}  - 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
[15:55] {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

Friday, December 19, 2008

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} {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} **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.
[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} - 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} 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}
[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} 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} - 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
[09:53] {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 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 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 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] {dino} mwiv stop to .19 stuck
[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} {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}
[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 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} {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
[14:43] {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} - 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 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} {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

Thursday, December 18, 2008

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}
[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 again ...sigh
[08:53] {cosmo}
[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}  - Co. has also formed a senior commitee to supervize administration of TARP funds
[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 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] {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}  - 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 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 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
[11:50] {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
[12:22] {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 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}  - 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}  - 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}  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}  - 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
[14:38] {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
[14:51] {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}  - 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: 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] {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] {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}  - 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 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

Wednesday, December 17, 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.

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

[08:29] {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}
[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
[08:51] {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} 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} 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 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} 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 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 loose the trailer!
[11:27] {dino} rimm s .60
[11:27] {lisa_jay} lol
[11:28] {patience} cute ese
[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
[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 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

Tuesday, December 16, 2008

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

[07:47] {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] {magoo} ty
[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}  - 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 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}  - 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] {magoo} ty
[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}  - 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 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: 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}  - 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}  {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 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}  - 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}  {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 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}  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: 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}  {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 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}  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
[11:42] {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
[12:01] {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:
[12:02] {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] {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] {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
[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}  {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
[13:24] {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}  **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}  - 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 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
[15:11] {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}  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 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 +.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

Monday, December 15, 2008

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}'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 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
[11:17] {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}  {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} 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'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}  {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} 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} 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}  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
[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} 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}  - 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}  - 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}
[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

Friday, December 12, 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}  - 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}
[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 $195M cash payment from BMY
[09:26] {ese} tks vas
[09:26] {ese} vad
[09:26] {ese} cannot spell this morning
[09:26] {Threei}  this morning? I am full of envy
[09:27] {lisa_jay} .
[09:28] {ese} morning lisa
[09:29] {lisa_jay} Hi Ese.
[09:30] {Threei}  DRYS pulled back into premarket support
[09:31] {Threei}  and bounced off it faster than I could blink
[09:32] {dino} downgrade drys to underperform fwiw
[09:34] {ese} bstop EXEL .51
[09:35] {ese} L EXEL .54 
[09:36] {ese} stop .35
[09:36] {Threei}  ready I guess
[09:36] {Threei}  in the line above
[09:37] {ese} Out EXEL .72 lot and a 1/2 +.20
[09:37] {dino} gj
[09:37] {lisa_jay} nice
[09:37] {patience} nice ese  :)
[09:37] {ese} quick
[09:38] {dino} shld
[09:38] {Threei}  {GM F}
[09:38] {Threei}  yup... can will be kicked down the road
[09:39] {dino} retail stronger
[09:39] {dino} amzn, shld cost
[09:39] {dino} etc
[09:40] {ese} L AMLN 3/4 .49
[09:41] {ese} stop .25
[09:41] {Threei}  DRYS, looking for bounce off .60 roughly
[09:42] {magoo} lisddslhdghkdjds.j
[09:43] {patience} good morning magoo
[09:43] {lisa_jay} Hi Magoo.
[09:45] {Threei}  mags :)
[09:46] {Threei}  feels like dump is coming
[09:47] {ese} hmmmm thought AMLN was gonna stop me there
[09:48] {Threei}  AMLN can be treacherous that way
[09:48] {ese} ya those big long minute bars don't look comforting for sure
[09:49] {ese} oh well....stop is in place we'll see
[09:49] {ese} STOPPED!!!
[09:50] {Threei}  hmmm... no dump
[09:51] {dino} strange
[09:51] {ese} look at it....what a piece of ......&^%^&%$&^
[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
[09:57] {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}  - 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}  - 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}
[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}  - Reminder: Honda made a similiar announcement earlier today, cutting production by 119K units{F HMC TM}
[12:24] {Threei}  offering half .20
[12:28] {Threei}  half out .17
[12:28] {Threei}  just to decrease risk
[12:28] {Threei}  still feel it's upward bound
[12:29] {Threei}  stop just under 9 for the balance
[12:30] {ese} outta here for the weekend all see next week 
[12:30] {Threei}  take care ese
[12:30] {Threei}  stay safe in the snow
[12:30] {ese} see ya vad
[12:30] {wishbone} cya ese
[12:31] {patience} i don't have snow vad, there will be no snow....
[12:31] {wishbone} its raining here patience
[12:31] {Threei}  I hope
[12:31] {patience} exactly wishbone
[12:34] {Threei}  come on DRYS
[12:37] {Threei}  offering 1/4 .28
[12:37] {Threei}  taken
[12:38] {Threei}  last part don't know yet
[12:38] {Threei}  .45 feels about right
[12:38] {dptl} .47 :)
[12:38] {Threei}  okay :)
[12:39] {Threei}  lol, hit .45 exactly but haven't took out my offer
[12:39] {Threei}  out .35
[12:39] {Threei}  me happy
[12:40] {Threei}  who followed?
[12:40] {KSystems} i was shaken out when it touched .99
[12:40] {dptl} hehe won out .30 ty
[12:40] {Threei}  uh, no
[12:40] {Threei}  dp :)
[12:41] {Threei}  sharp spike down, just 1 cents under 9, and lower band came right there for support
[12:41] {Threei}  I usually don't exit that literally
[12:41] {Threei}  typical shakeout
[12:41] {KSystems} i do see it
[12:42] {Threei}  better give it a few cents more, especially considering that first half was secured already
[12:42] {KSystems} i see
[12:42] {KSystems} thanks
[12:42] {Threei}  :)
[12:42] {wishbone} thnxs for the insight vad
[12:43] {wishbone} i've been shaken out like that many times before
[12:46] {Threei}  if you see the pattern repeating that undermines your pwrformance... what do you do? :)
[12:46] {Threei}  have a look at MPP part discussing optimizing your performance
[12:47] {Threei}  deals with exactly this
[12:48] {KSystems} I may have misinterpreted the situation with "dont lower your stop just because it may be triggered"
[12:48] {KSystems} and accepted it
[12:49] {Threei}  okay, let's make this distinction, lest I give an impression I advocate ignoring or discretionary widening the stops
[12:50] {Threei}  last thing you want to do is to move your stop lower simply because you don't want to take a loss
[12:50] {Threei}  what I mean here is the following
[12:50] {Threei}  Now and then you run stats on your trades as discussed in MPP
[12:50] {Threei}  to see if there is a certain pattern
[12:50] {Threei}  repeating itself over and over
[12:51] {Threei}  and taking you our ot trades too soon or too late.
[12:51] {lisa_jay} I think this is why you prefer to use manual stops vs. putting in system.
[12:51] {Threei}  Overtightened stops will for example be obvious if you see that on too many of your trades stock reversed very close to your stop point,
[12:51] {Threei}  just enough to shake you out.
[12:52] {Threei}  You will put your entries and exits on the chart
[12:52] {Threei}  and see what happened after your exit.
[12:52] {Threei}  If most of them did just that - you know your stops are too tight.
[12:52] {Threei}  You run very simple stats thaty show you how your result would look had ttou move a stop a few cents lower
[12:53] {Threei}  You see your profit increasing - you got your answer.
[12:53] {Threei}  This pattern of stocks diving 1-2 cents under your trailed stop and reversing immediately - I saw it way too often,
[12:53] {wishbone} can u print graphs from laser?
[12:53] {Threei}  started looking at charts closer
[12:54] {Threei}  and saw that in cases when stop was touched on sharp spike down
[12:54] {Threei}  and on touch of lowed band
[12:54] {Threei}  lower
[12:54] {KSystems} =bollinger band?
[12:54] {Threei}  they bounced immediately more often than tey continued down
[12:54] {Threei}  yes
[12:54] {KSystems} ok
[12:55] {Threei}  so, I run some paper trades
[12:55] {Threei}  saw the effectiveness of correction
[12:55] {Threei}  and made it.
[12:55] {KSystems} great advise as usual, thank you
[12:55] {KSystems} I am actually on paper for the rest of the year, to sort out things like that
[12:55] {Threei}  oh, it's all in MPP...
[12:55] {KSystems} going to go live in january
06[12:55] * Threei slaps KSystems around a bit with a large Master Profit Plan
[12:55] {wishbone} Vad is this partly why you changed band to 13 and st dev to 1.7?
[12:56] {KSystems} I should read it again
[12:56] {Threei}  just found that setting works better for intraday wishbone
[12:56] {wishbone} ok ty
[12:58] {Threei}  I am about to cry here
[12:58] {Threei}  profitable day again
[12:58] {Threei}  (so far)
[12:59] {Threei}  scared to get out of the house, briicks ough to start dropping from the sky on me
[13:00] {Threei}  lisa... you promised to laugh at my next not funny joke???
[13:00] {Threei}  that ws as it!
[13:00] {magoo} ivve seen a change in your trading vad since reading MTT
[13:00] {lisa_jay} oh....well.
[13:00] {Threei}  sigh
[13:00] {magoo} mtt=magoos trading techniques
[13:00] {Threei}  magoo... sorry, lost me
[13:01] {Threei}  ah
[13:01] {Threei}  that
[13:01] {Threei}  I honestly tried to read it
[13:01] {Threei}  but come on, you could put more in there that drunkenly drawn sketches of beer bottle and naked women
[13:02] {lisa_jay} Do you have any old Russian remedies for warding off evil (jealousy) Vad.  Then just follow it step by step.
[13:03] {Threei}  jealousy of what?
[13:03] {lisa_jay} You said that you were scared to go out of house due to everyday being profitable.
[13:04] {Threei}  well... it's unnaturally long streak
[13:04] {dino} ironically, magoo's always ducking out of the way of (thrown) bricks
[13:04] {Threei}  and I start feeling sometimes that posting those days one after another I start looking like one of those gurus who claim never being wrong
[13:04] {lisa_jay} :-)
[13:04] {Threei}  but hell... record is public in a form of calls in trading logs
[13:05] {Threei}  and yes, I do have recipe
[13:05] {Threei}  or to be exact modification
[13:05] {KSystems} We can quote that as {Threei} [...] I start feeling [...] like one of those gurus [...] never being wrong
[13:06] {Threei}  they say a cure from one woman is another... so to apply it to trading, best cure is do the same
[13:06] {dino} lol ks
[13:06] {wishbone} lol ks
[13:07] {wishbone} spin city
[13:14] {dino} mcd sm s .34
[13:33] {magoo} .
[13:39] {Threei}
[13:39] {Threei}  uploaded a few photos for you
[13:40] {Threei}  chaeron... you specifically asked
[13:40] {Threei}  so I'll pretend that was for you personally, just to make you feel special
[13:40] {dino}  cov mcd .96, +.40
[13:41] {peterg} nice, can almost hear the waves
[13:41] {peterg} nice you too dino
[13:41] {peterg} you worked for it
[13:41] {Threei}  I made a little slide show with just that sound effect :)
[13:41] {dino} ty pete
[13:41] {wishbone} that one wi/ the wave curl is cool
[13:42] {Threei}  but I'll be damned if I know how to upload it
[13:42] {Threei}  whatever I do, only clickable image appears,
[13:42] {Threei}  and won't play after clicking on it
[13:42] {KSystems} what program did you make the slideshow with?
[13:42] {Threei}  Proshow Producer
[13:43] {Threei}  it gave me three files
[13:43] {dino} hmmm, mkt dropped about same time as yesterday
[13:43] {KSystems} which ones?
[13:43] {Threei}  html, swf and fiv
[13:43] {KSystems} i mean, the extension
[13:43] {KSystems} ahh
[13:43] {Threei}  uploaded all three
[13:43] {KSystems} just the biggest one
[13:43] {patience} chart patterns i'm watching have been pretty similar last few days dino
[13:43] {Threei}  fiv
[13:43] {KSystems} u sure its not flv?
[13:44] {Threei}  flv
[13:44] {KSystems} great
[13:44] {KSystems} its the format youtube uses
[13:45] {KSystems} you can upload it there
[13:45] {Threei}  can I upload it to my site?
[13:45] {Threei}  I know it's possible, my videointerview ikn that format
[13:45] {KSystems} yes just upload it
[13:45] {KSystems} it should play
[13:46] {Threei}  ok, trying again
[13:46] {Threei}  to the same folder, will tell when it's there
[13:46] {Geo} back.... we in anything?
[13:47] {Threei}  no
[13:47] {Geo} cool
[13:47] {Threei}  missed nice DRYS trade earlier
[13:47] {Threei}  you missed I mean
[13:47] {Geo} ah well kids recital worth it
[13:47] {peterg} what instrument?
[13:47] {Geo} nah christmas recital singing
[13:47] {peterg} voice instrument
[13:48] {Geo} she is 4
[13:48] {peterg} cute
[13:48] {Threei}  {wishbone} that one wi/ the wave curl is cool
[13:48] {Threei}  [13:42] {Threei} but I'll be damned if I know how to upload it
[13:48] {dino} wmt sm l .06
[13:48] {dino} stop lod
[13:49] {Threei}  wishbone... can't tell you hiow many shots it took to catch that moment :)
[13:49] {wishbone} and it's breaking against the rocks on rhs
[13:50] {wishbone} how close were you....were you using zoom?
[13:50] {Threei}  also had to watch out... position on the top of those rocks gave the bext angle but didn't feel very safe, lol
[13:50] {wishbone} ya i bet lol
[13:50] {Threei}  fairly close
[13:50] {Threei}  and patience scared me with tales of rogue waves
[13:51] {Threei}  KS... uploaded
[13:51] {KSystems} ok  its playing here
[13:51] {KSystems} but it may be because of some extra software i have installed
[13:51] {KSystems} can someone else try as well?
[13:52] {lisa_jay} tofino show..played on my computer too.
[13:52] {Threei}  OK... enjoy then :)
[13:52] {lisa_jay} thanks vad
[13:52] {Threei}  I'll watch it on my belowed big screen tv in dvd format, lol
[13:53] {Threei}  or beloved
[13:53] {Threei}  not sure what I need to do to embed it... when I click it suggests me to download it
[13:55] {KSystems} thats right
[13:55] {KSystems} download it and play it in a media player
[13:55] {KSystems} its not too trivial to embed it
[13:56] {Threei}  well, html file it created opens it embedded on my comp
[13:56] {Threei}  but not when I upload it
[13:56] {patience} very beautiful vad
[13:56] {Threei}  ty
[13:59] {Threei}  oh, and music... I composed and played too
06[14:00] * Threei is thinking, what the heck, bricks are going to drop on my head anyway, might just as well take some more credits
[14:01] {peterg} Im dreaming of a white brickmas
[14:02] {peterg} est. time to complete tofino download; five minutes
[14:02] {Threei}  wow
[14:03] {peterg} must be feature lenght movie hm?
[14:03] {peterg} or computer inhabited by gremlins, etc
[14:03] {Threei}  what are you, on 32K modem? :)
[14:03] {peterg} original 2k
[14:04] {peterg} nah, full bore adsl
[14:04] {Threei}  it's just 33 MB
[14:04] {peterg} well, maybe Ill end up hosting your site in my computer
[14:09] {dino}  out wmt .40, +.34
[14:09] {lisa_jay} nice dino
[14:09] {patience} you're having a good day dino
[14:09] {dino} finally,
[14:10] {dino} dec. hot and cold
[14:16] {Threei}  got a feeling DRYS is preparing surprise?
[14:18] {peterg} up or down?
[14:18] {Threei}  up...
[14:18] {peterg} calling it?
[14:19] {Threei}  tentatively
[14:19] {Threei}  needs market help
[14:20] {peterg} not getting it yet
[14:20] {Threei}  no
[14:21] {Threei}  but if market bounces, .31 long for scalp[
[14:21] {Threei}  with stop under .25 or .20
[14:23] {Threei}  half out
[14:23] {Threei}  .43
[14:23] {peterg} got .08 ty vad
[14:23] {Threei}  :)
[14:24] {KSystems} ok ladies and gentlemen
[14:24] {KSystems} I'm out for the day
[14:24] {Threei}  take care ks
[14:24] {KSystems} Have a great weekend and see you all on Monday!
[14:24] {peterg} K K! 
[14:24] {magoo} bye KS
[14:24] {wishbone} cya ks
[14:29] {dino} cya ks
[14:35] {dino} t & hon raised dividends today
[14:39] {Threei}  see how willing DRYS is?
[14:41] {Threei}  interestinfg scalpable pattern on it
[14:41] {Threei}  huge offer taken out
[14:41] {Threei}  almost always gives quick relatively safe 10-15 cents
[14:42] {Geo} got it
[14:42] {Geo} had missed your last call
[14:43] {Threei}  .42 was latest instance
[14:43] {Threei}  but broke while I typed
06[14:43] * Chaeron slaps laserdave1 around a bit with a large trout
[14:44] {Chaeron} Dave - please DCC
[14:44] {dino} out geoy .82, +.31
[14:44] {Threei}  wtg
[14:44] {dino} took a(w)hile
[14:45] {dino} c'mon, family guy joke
[14:45] {Threei}  gosh
[14:45] {Threei}  now I remember :)
[14:46] {dino} :)
[14:46] {Chaeron} heheh... love Stewie
[14:46] {Threei}  wouldn't get it without explanation :)
[14:48] {dino} funny show
[14:48] {dino} brbv
[14:50] {Threei}  market helps
[14:52] {Chaeron} DCC Dave?
[14:52] {Geo} in
[14:52] {Threei}  from?
06[14:53] * Chaeron slaps laserdave1 around a bit with a large trout
[14:53] {Geo} .7
[14:53] {Threei}  saw that huge offer being taken out?
[14:53] {Geo} y
[14:53] {Threei}  cool beans
[14:53] {dino} oil waking
[14:53] {Geo} loving it vad
[14:53] {Threei}  I hit it too, but I went for scalp type I
[14:54] {Geo} still nursing 200
[14:54] {Geo} out
[14:54] {Threei}  love it when I describe a pattern and you guys utilize it on your own
[14:55] {Threei}  like with those UAUA teleportations
[14:55] {Threei}  tricks that appear now and then on different stocks and are very playable by careful observer
[14:56] {Threei}  CREE
[14:56] {Threei}  - CEO: Expects to benefit from any Obama Administration, state government spending on energy efficiency.
[14:58] {Threei}  so Geo
[14:58] {Threei}  your wining streak continues uninterrupted?
[14:58] {Geo} this is third week
[14:59] {Threei}  good
[14:59] {Geo} averaged 1X for me overall
[14:59] {Threei}  I am looking for someone to get hit by brick rain
[14:59] {Geo} having lower X helps confidence lol
[14:59] {Threei}  so I don't feel alone
[14:59] {Geo} not me
[14:59] {Geo} i was pious at christmas recital
06[15:00] * Geo folds hands and looks sideways
[15:00] {Threei}  you'd better take that .80 break on DRYS
[15:00] {Threei}  worked like charm for a quick scalp again
[15:01] {Geo} slowing down as goal met
[15:01] {Geo} now only will take gold plated blinking light calls
[15:01] {Threei}  I just can't pass free money
[15:01] {Geo} sigh
[15:01] {Geo} 100 at .86
[15:01] {Threei}  I mean, Qs spiking, huge offer at day's high being scrolled through
[15:02] {Geo} beautifull
[15:02] {Chaeron} dang it I knew I shoud have gotten that Platinum Membership like Geo has  with th blinking lights and whistles.
[15:02] {Threei}  virtually guaranteed 5-6 cents in 5 seconds
[15:02] {Threei}  how can I skeip it
[15:02] {Threei}  with market being jerky and sensitive to news that may come out any swcond, I prefer to do type I on these right now
[15:03] {dino} out oxy at .20, +.50
[15:03] {Threei}  wow dino
[15:03] {Geo} dino taking revenge for last couple of das
[15:03] {Threei}  das included?
[15:03] {Geo} das boot !!!
[15:04] {dino} lol geo just lucky
[15:09] {Threei}  I just finished conversation with the luckiest person on earth
[15:09] {Threei}  get this
[15:09] {Threei}  guy phones, old buddy I haven't headr from in about a year
[15:09] {Threei}  says listen,
[15:10] {Threei}  I was terribly busy with some personal stuff, romance got bad, then good, then bad again, in short - total seesaw in personal life
[15:10] {Threei}  and now that I got a chance to look around
[15:10] {Threei}  I hear there is some financial crisis or something
[15:11] {Threei}  could you give me quick breakdown what that's about?
[15:11] {Threei}  I said, you know what... live happily for a few months more, I'll tell you when it's over one way or another
[15:12] {Threei}  I am full of envy
[15:14] {Threei}  okay, no one talks to me... monastery
[15:14] {lisa_jay} Friday evening...
[15:14] {Threei}  happy hour in monastery
[15:15] {Threei}  sen Dodd on TV
[15:16] {dino} who was that rfr calling?
[15:16] {Threei}  lol
[15:17] {dino} i was serious
[15:17] {Threei}  no :)
[15:17] {Threei}  {GM F}
[15:22] {laserdave1} chaeron dcc
[15:31] {dino} vad, gj on the calm/lay-back speech this morning, helped me out
[15:32] {Threei}  :)
[15:32] {patience} dino, you making the 3:40 call?
[15:36] {dino} i just said it to magoo, gun them up at 3:40, let's see
[15:36] {Threei}  dawg, you alive out there?
[15:36] {Threei}  haven't heard from you in a week
[15:38] {dino} here it goes
[15:39] {Threei}  .45 drys
[15:39] {Threei}  huge offer
[15:39] {dino} theres' 50 pts dji
[15:41] {dawg} just getting use to Laser Vad only had it running since Monday but a nice trade in Drys thank you!
[15:41] {Threei}  :)
[15:42] {Threei}  don't hesitate to ask if have questions
[15:42] {Threei}  and bug dave to no end
[15:42] {lisa_jay} Hi Dawg!
[15:42] {dawg} Will do ty
[15:42] {Threei}  getting feel for how powerful that thing is?
[15:42] {dawg} Hi Lisa you have been doing well
[15:43] {lisa_jay} Been distracted a sick kids back to back staying home :-(
[15:44] {lisa_jay} Not much time to trade.
[15:44] {dawg} I know how  that goes Lisa
[15:46] {dino} hows that for a 3:40
[15:46] {patience} yup, they are using the same pattern
[15:47] {dptl} have a good weekend all
[15:48] {lisa_jay} Bye DPTL
[15:48] {Threei}  take care dp
[15:48] {dino} between 12-1:30 they bring them down too patience, look at 5 day
[15:48] {dino} cya dp
[15:49] {patience} i've taken to watching the 10 minute charts to get a better idea of what is happening
[15:50] {dino} i like daily/3 ,in and 5 day 12
[15:50] {dino} in=min
[15:52] {Threei}  going to wrap it up on this
[15:52] {Threei}  thank you all, have a great relaxing weekend
[15:52] {Threei}  see you all on Monday
[15:53] {lisa_jay} Thanks Vad.  Learnt a lot this week.  
[15:53] {Threei}  great to hear Lisa
[15:53] {Threei}  I intend to be here for a few weeks more, before I finally depart to my monastery...
[15:53] {Threei}  so... :)
[15:54] {lisa_jay} Will figure out which monastery...and send Geo and Chaeron with new questions for you.
[15:54] {dino} lol
[15:54] {dino} you aren't going anywhere hot shot
[15:55] {Threei}  make sure they carry a lot of beer, meat and, ummm, deep scientific magazines
[15:55] {lisa_jay} I'm sure they will. 
[16:06] {dino} gn all

Thursday, December 11, 2008

Dec 11 00:00:01 2008

Great start of the day with silver and gold stocks. Drab afternoon with some scalps, some stops - pretty much a wash. On the total, another nice day that we could pretty much end in an hour after open. Had a chance for a nice real time demonstration of trades based on former resistance/new support.

Session Time: Thu Dec 11 00:00:01 2008

[08:10] {Threei}  - Expectations for initial claims are 525K v prior release of 509K
[08:10] {Threei}  - Continuing claims seen at 4.100M v prior 4.087M.
[08:18] {Threei}  BALTIC DRY BULK INDEX +2.9%
[08:19] {Threei}  {DRYS EGLE DSX EXM}
[08:30] {Threei}  INITIAL JOBLESS CLAIMS: 573K V 525KE; CONTINUING CLAIMS: 4.429M V 4.100ME
[08:30] {Threei}  yikes
[08:31] {Threei}  *OCT TRADE BALANCE: -$57.2B V -$53.5BE
[08:39] {Threei}  DRYS
[08:39] {Threei}  10.02 yest low
[08:39] {Threei}  loses 10 now
[08:40] {Threei}  small shares short
[08:40] {Threei}  ugh
[08:40] {Threei}  don't chase
[08:42] {Threei}  got just 200 shares
[08:42] {Threei}  hardly worth much... but will consider it morning warm-up
[08:42] {Threei}  covered half .80
[08:43] {Threei}  ummm... half of 200 shares {G}
[08:43] {_elepet} I am having trouble understanding what goes on.  could you please explain in detail what you just did?
[08:43] {Threei}  shorted 10 breakdown on DRYS
[08:44] {Threei}  out 9.59
[08:45] {Threei}  [08:39] {Threei} 10.02 yest low
[08:45] {Threei}  [08:39] {Threei} loses 10 now
[08:45] {Threei}  [08:40] {Threei} small shares short
[08:45] {Threei}  two days support breakdown
[08:45] {Threei}  serves as short trigger
[08:46] {Threei}  helps, elepet?
[08:47] {_elepet} a bit.  now it has started back up. shorts covering?
[08:47] {Threei}  and borttom fishing
[08:47] {_elepet} would you consider buying long at any oint?
[08:48] {Threei}  not yet
[08:50] {Threei}  I don't enter randomly... need a setup
[08:50] {Threei}  that breakdown was one
[08:51] {Threei}  bounce was from arbitrary point, can't read it
[08:51] {_elepet} please explain "setup" in this situation.
[08:51] {Threei}  setup is a certain chart formation
[08:51] {Threei}  providing favorable odds
[09:01] {_elepet} If two days breakin support triggers short, is there anything like that which triggers long?
[09:02] {_elepet} I am somewhat "chart challanged"
[09:03] {_elepet} watching tape, i would have gone long again at about 10.10
[09:04] {Threei}  there are a lot of setups
[09:04] {Threei}  can't really answer that without retyping two books here :)
[09:04] {Geo} gm
[09:05] {Threei}  Geo :)
[09:05] {Geo} i see yo made a killing on DRYS vad :)
[09:05] {Threei}  lol
[09:07] {tomg} good morning all
[09:07] {Threei}  tom :)
[09:08] {tomg} vad, can you look back at 13:49 yesterday and tell me what setup you saw for Q's?
[09:10] {Threei}  pullback after breakout, conservative entry
[09:11] {tomg} ok, ty but it's hard for me to see that one
[09:12] {Threei}  didn't work anyway
[09:12] {Threei}  so who cares {G}
[09:12] {tomg} i saw h&s and failure to make new highs at about 13:17
[09:12] {tomg} i care
[09:13] {tomg} for next time :)
[09:14] {lisa_jay} Charts can be seen differently by different folks.  Just control risk and trade sestup.  Dinoism, Vadism.
[09:14] {tomg} just don't see breakout point, that's all
[09:15] {Threei}  let's try to go over it when it appears next time, easier for me to do it when it's fresh
[09:15] {tomg} ok
[09:15] {Threei}  alzheimer, you know...
[09:15] {Onix} Good morning all
[09:15] {Threei}  plus, I tend to forget about those that don't work in a span of whole 1 minute
[09:15] {Threei}  onix :)
[09:16] {ese} morning
[09:16] {Threei}  ese :)
[09:16] {Onix} hi ese
[09:16] {KSystems} Good morning!
[09:16] {Threei}  ks :)
[09:16] {KSystems} vad :) long time no see
[09:17] {Onix} hi ks
[09:17] {KSystems} hey Onix
[09:17] {Threei}  hey... don't overestimate my alzheimer :)
[09:17] {Threei}  I do remember I've seen you yesterday
[09:18] {brian3579} gm all
[09:19] {dino} gm all
[09:19] {Threei}  brian, dino :)
[09:20] {hawkfan4} morning
[09:20] {_elepet} Oh, good morning everybody.  Am I the only trial member here?
[09:20] {Onix} hi brian & dino
[09:20] {dino} lol, afam out just now +.91
[09:21] {Threei}  hawk :)
[09:21] {hawkfan4} gm elepet, looks that way :)
[09:21] {Onix} gm elepet
[09:22] {_elepet} I have lots of questions. maybe I'll wait for the time of day when the doldroms set in.
[09:22] {patience} that would be august
[09:22] {patience} good morning
[09:22] {Threei}  lol
[09:22] {KSystems} :)
[09:22] {Threei}  good morning patience
[09:22] {Threei}  CIEN
[09:23] {dino} lol patience
[09:23] {dino} welcome to the jungle elepet
[09:24] {Onix} hi patience
[09:25] {patience} hi onix, looking to dump my silver wheaton shortly
[09:25] {patience} will be watching the VIX today, I still can't believe market going up
[09:25] {Onix} yes, i suppose it will move down shortly after opening?
[09:27] {dino} believe patience, i have some nice swamp land for sale
[09:27] {Onix} lol
[09:27] {patience} i have some northern ocean front for sale too dino
[09:27] {dino} :)
[09:33] {lisa_jay} .
[09:34] {magoo} lksfdijhfdhfdhjjhl
[09:34] {Threei} Long Setup:  SSRI  half lot 10 break
[09:34] {Threei}  if stays above .85
[09:35] {Geo} 11
[09:35] {Threei}  11, sorry
[09:36] {dino} well the fri close gap filled finally
[09:37] {magoo} SIGH..not one of u gave a "good morning magoo"
[09:38] {lisa_jay} Good morning Magoo.
[09:38] {patience} we know you're shy magoo
[09:40] {Threei}  oh hi magoo
[09:41] {lisa_jay} Are nasdaq stocks updating for you all?
[09:41] {Threei}  yes
[09:42] {lisa_jay} Ok, thanks.
[09:47] {Threei} Long Setup:  RGLD  small shares .50 break
[09:48] {Threei}  stop under .30
[09:48] {Threei}  thin one
[09:49] {Threei}  SSRI will be valid again if pulls back slightly and stays above .85 again
[09:50] {Threei}  or consolidates here for a few minutes
[09:50] {patience} out slw +.93
[09:50] {patience} hated holding overnight
[09:50] {lisa_jay} nice
[09:50] {Onix} gj
[09:50] {Threei}  wtg
[09:51] {patience} ty  :)
[09:52] {peterg} morning
[09:52] {Threei}  peter :)
[09:52] {Chaeron} good morning all.... nice hold patience
[09:52] {Threei}  chaeron :)
[09:53] {dino} gj patience
[09:53] {Threei}  half out SSRI
[09:53] {Threei}  +.20
[09:54] {_elepet} when did you get in. i missed that
[09:54] {Threei}  [09:34] {Threei} Long Setup: SSRI half lot 11 break
[09:54] {Threei}  [09:49] {Threei} SSRI will be valid again if pulls back slightly and stays above .85 again
[09:54] {Threei}  [09:50] {Threei} or consolidates here for a few minutes
[09:54] {KSystems} got from .01 to .19 half, thanks
[09:55] {Threei}  :)
[09:55] {Geo} final target vad?
[09:55] {Threei}  it broke 11 at 9:52 elepet... seee that?
[09:56] {_elepet} yes, but i wasn't clear that you actually bought then. now i see.
[09:56] {Threei}  it triggers, I enter
[09:56] {Threei}  next spike Geo... feeling is somewhere above .40
[09:57] {Geo} ty
[09:57] {magoo} i hit RGLD .38
[09:57] {_elepet} so i guess if i got in now it would be "chasing" and don't do it?
[09:58] {Threei}  that would be a whole lot of chasing
[09:58] {Threei}  we already sold half, why would tou want to enter 3o cents above trigger price
[09:58] {peterg} to make a dime?
[09:58] {Threei}  risking over 30 cents stop? :)
[09:59] {peterg} aha
[09:59] {Threei}  not my idea of right way to trade
[09:59] {wishbone} ssri shares sold 2, 3, 4 at  time
[10:00] {_elepet} I keep watching drys go up. but in never hit your trigger?
[10:00] {patience} slw on coke,,,crying, i left much on the table
[10:01] {wishbone} ssri +.31 ty vad
[10:01] {Threei}  wishbone :)
[10:01] {Threei}  I never had a call on DRYS
[10:02] {dino} what?! patience, just say no
[10:02] {magoo} vad..last night i was dreaming in a trade u called 
[10:02] {Geo} sheesh
[10:02] {patience} bitter bitter tears, i coulda had the 60 inch tv
[10:02] {peterg} the fifty aint half bad
[10:02] {Geo} now thats a true lament patience
[10:03] {patience} funny thing is...i don't watch tv, but my daughter wants one
[10:03] {peterg} of course
[10:03] {tomg} i've done that magoo, more than once :)
[10:03] {Chaeron} day isn't over yet patience...
[10:03] {dino} hearing the same in my house
[10:03] {tomg} would never have admitted in here, though :)
[10:03] {Chaeron} just get another trade
[10:03] {Threei}  mags, consider exiting RGLD into spike over .70
[10:04] {Geo} my 4 year  old went to a friends house and was mortified that they didnt have a tv in their bedroom
[10:04] {Geo} i need to manage expectations better
[10:04] {dino} how do they watch the vidioes then?
[10:04] {Threei}  out second half SSRI .42
[10:04] {peterg} tv in every room?
[10:04] {Geo} lol
[10:04] {Onix} wtg
[10:04] {wishbone} dino lol
[10:04] {magoo} anyone get RGLD with me?
[10:04] {patience} hiding
[10:05] {dino} vno sm l .90
[10:06] {Threei}  [10:03] {Threei} mags, consider exiting RGLD into spike over .70
[10:06] {Geo} exited as per bad 20 cens thanks
[10:06] {magoo} oops lol
[10:06] {Threei}  [10:06] {Threei} [10:03] {Threei} mags, consider exiting RGLD into spike over .70
[10:07] {Geo} all out .49 ssri
[10:07] {Geo} thanks vad
[10:07] {Threei}  welcome
[10:07] {ese} L HERO .72    see if can make the jump to 6}00
[10:07] {dino} vno stopped -.32
[10:07] {magoo} out TY
[10:07] {ese} aggressive entry
[10:11] {dino} vno rinsed
[10:12] {Threei}  - Note: Yesterday the Senate Republican caucus was vocally against the bill, and at least one Democratic Senator was also against the bill.{GM F}
[10:15] {magoo} if QQQQ goes up...i like it long here he he
[10:15] {Threei} Long Setup:  QQQQ  30 break if stays above .90
[10:15] {magoo} great minds 
[10:15] {ese} stop to .75 HERO 
[10:16] {Threei}  in Qs aggresively
[10:16] {Threei}  .91
[10:17] {Threei}  stop under .85
[10:17] {magoo} too funny..92 here
[10:18] {Threei}  ideally, it would spike into 30 now for half out, and then broke for another half
[10:18] {Geo} in .91 too
[10:18] {Geo} 10 lots
[10:18] {Threei}  10 eh?
[10:18] {Geo} hehehe
[10:19] {Geo} just helping you along
[10:19] {Threei}  kick it too then
[10:19] {Threei}  ah come on, was almost there
[10:19] {ese} out HERO .94 +.22 on a lot and a 1/2
[10:20] {Threei}  wtg ese
[10:20] {ese} volume was kinda thin for  alot and a 1/2 but if ya can't have fun once in a while.........when can ya eh?
[10:20] {Threei}  move your butt QQQQ
[10:20] {Threei}  half out .99
[10:21] {Geo} yessssssss
[10:21] {KSystems} me too
[10:21] {Threei}  had two lots
[10:21] {Geo} me too
[10:21] {KSystems} not me
[10:22] {wishbone} out q's 30
06[10:22] * magoo slaps Geo around a bit with a large a word of caution to the newbie he he
[10:22] {Geo} its thick and gives many chances to be right or wrong
[10:22] {Threei}  sooo
[10:22] {Threei}  stop is .89 now
[10:22] {Threei}  offering 1/4 more 30.10
[10:22] {dino} axys v sm l .30 wide risky
[10:22] {Geo} thanks magoo
[10:23] {magoo} just keep the stops as size goes up magoo
[10:23] {Geo} yeah real diligent on stops
[10:23] {magoo} double loses twice as fast 
[10:23] {Geo} agree
[10:23] {Geo} i only do it in QQQQ as small stops and thick
[10:23] {Threei}  it would be so even if you disagreed...
[10:23] {Geo} mannn almost filled
[10:23] {KSystems} I'm waiting at .10 for another 1/4
06[10:24] * Geo slaps Geo around a bit with a large rich and hated manual
[10:24] {Threei}  ah come on
[10:24] {Threei}  ok
[10:24] {Geo} yessssss
06[10:24] * magoo slaps Threei around a bit with a large book of wisdom
[10:24] {Threei}  out 1/4 more
[10:24] {Threei}  stop to .95
[10:24] {Geo} half lot left
[10:24] {Geo} aitting at .2
[10:24] {Geo} sitting
[10:24] {Threei}  offering last portion at the price to be determined yet
[10:25] {Geo} wow hero ese
[10:25] {magoo} hurry up so i can undercut u lol
[10:25] {Threei}  lol
[10:25] {Geo} dont think undersut works in Qs
[10:25] {Geo} gld ill belive and do it !
[10:25] {Geo} hmm undershirt
[10:27] {magoo} out .09
[10:27] {magoo} btw
[10:28] {magoo} id thank u but it was my call he he
[10:28] {Geo} imo pullback only
[10:28] {magoo} [10:15] {magoo} if QQQQ goes up...i like it long here he he
[10:28] {magoo} [10:15] {Threei} Long Setup:  QQQQ  30 break if stays above .90
[10:28] {Geo} sitting at previous close
[10:28] {Geo} shame on vad for mooching
[10:28] {magoo} nobody gets the joke??
[10:29] {magoo} of course if goes up we like it long
[10:29] {Geo} lolol
[10:29] {Geo} dint read detail
[10:29] {wishbone} ty magoo and vad for the synchronized that an o;lympic sport? :)
[10:29] {Geo} ughhhh
[10:29] {Threei}  lol
[10:29] {Geo} ugly image of both swimming
[10:29] {magoo} hmmmmmmmmmm daytrading as an olym sport?
[10:30] {Geo} my burn retinas
[10:30] {wishbone} lol
[10:30] {wishbone} in speedos
[10:30] {magoo} magoo struggling to lift vad on ice
[10:31] {dino} axys stopped -.41 v sm
[10:31] {Geo} it def wants up
[10:32] {Geo} keeping my half lot
[10:34] {Threei}  stop to .99
[10:35] {Geo} any target yet vad?
[10:35] {Threei}  I am out
[10:36] {Threei}  too hard spike
[10:36] {Geo} out at .2
[10:36] {Threei}  yup, same here
[10:36] {Geo} thanks lord vadere
[10:36] {Threei}  welcome
[10:36] {Geo} previous close superstition
[10:36] {Geo} heheh nice out
[10:36] {Threei}  witness the dump
[10:36] {Threei}  lol
[10:36] {Chaeron} Qs in .91 out .18 for +$0.27.... thanks Vad
[10:36] {Threei}  :)
[10:37] {KSystems} is Q's action comparable to NQ?
[10:37] {Threei}  same thing
[10:37] {KSystems} k
[10:37] {Threei}  NQ is futs, Qs is cash
[10:38] {wishbone} geo, previous close superstition?
[10:38] {Geo} .20 was previous close
[10:38] {Geo} i used it as a res to exit
[10:39] {Geo} well no close but high of last candle
[10:39] {Geo} doesnt make sense  so called it superstition
[10:39] {wishbone} gotcha' ty
[10:40] {Geo} switching to profit protection mode....nice day eh vad?\
[10:41] {Threei}  very much so
[10:41] {dino} gj geo
[10:41] {peterg} good-oh gee-oh
[10:42] {dino} vno sm l .50
[10:44] {Threei}  exits into sharp spikes... how I like thee...
[10:44] {peterg} is a spike up or down?
[10:44] {peterg} or both
[10:44] {peterg} depending
[10:45] {peterg} exit into spike....hmmmm
[10:45] {peterg} I see, it is unknown
06[10:45] * Threei slaps peterg around a bit with a large book of Techniques of Tape Reading
[10:46] {peterg} my copy is at home
[10:46] {peterg} my dog ate it
[10:46] {lisa_jay} Vad, if one gets slapped repeatedly with the book can one absorb conents into brain.
[10:46] {peterg} wait, I dont have a gog
[10:46] {peterg} dog
[10:46] {Threei}  sharp upward spike with volume increase signifies what?
[10:46] {peterg} jbe
[10:46] {Threei}  that's the idea lisa
[10:47] {Threei}  JBE is consolidation setup
[10:47] {lisa_jay} Ok, then euphoria....
[10:47] {peterg} yes sensie
[10:47] {Threei}  there
[10:47] {Threei}  Euphoria
[10:47] {peterg} sensei
[10:47] {Threei}  which marks the what?
[10:47] {lisa_jay} Unload shares to suckers like me.
[10:47] {Threei}  lol
[10:48] {dino} lol
[10:48] {peterg} lisa is good student. I was always BAD student
[10:48] {Threei}  politically correct version is, it marks the end of the stage of the move
[10:48] {peterg} but I learned anuyway
[10:48] {lisa_jay} I am good only in theory...
[10:48] {peterg} thats good
[10:48] {peterg} a start
[10:48] {peterg} I learn backwards;
[10:48] {peterg} practice followed by theory
[10:49] {peterg} takes twenty or thirty years per skill
[10:49] {peterg} but when you get it its solid
[10:57] {lisa_jay} testing
[10:58] {Threei}  A+
[10:58] {lisa_jay} Thanks Vad.
[10:58] {lisa_jay} My microwave kills the connection.   Just wanted to make sure I am connected.
[10:59] {Threei} Long Setup:  GG  .60 break, half lot, if stays above .50
[11:01] {magoo} in gg
[11:02] {wishbone} in gg
[11:04] {Geo} out
[11:04] {wishbone} stopped gg
[11:04] {Geo} at .47
[11:05] {magoo} out
[11:05] {Geo} good to embrace stops
[11:06] {lisa_jay} stopped
[11:07] {dino} obama on
[11:08] {magoo} mkt usually likes osama
[11:08] {Threei}  shakeout
[11:08] {magoo} er um obama
[11:08] {Threei}  grr
[11:09] {Geo} i entered 50
[11:09] {Geo} out 60
[11:09] {Geo} just got the stop back
[11:09] {Geo} when heard the one is one
[11:10] {Geo} vad did you find th symbol?
[11:13] {Threei}  no
[11:13] {Threei}  asked dave to check but forgot to asak him what he found out
[11:15] {KSystems} I need to get the car back
[11:15] {KSystems} back in about 2h
[11:15] {Threei}  volume is so low on thia advance, I can't get a feel
[11:15] {KSystems} dont empty the market completely while I'm away
[11:15] {Threei}  what kind of a car if I may?
[11:15] {KSystems} Mazda MX-5
[11:16] {Threei}  ok... get it back then
[11:16] {KSystems} they sold it in north america as Miata I think
[11:16] {peterg} the cute convertible
[11:16] {Threei}  'cause if it's american-made, you may just as well not to bother {G}
[11:16] {Geo} fancy that
[11:16] {peterg} pls, north american made
[11:16] {Geo} germans buying cheap japanese
[11:16] {Geo} i have a mazda too
[11:17] {lisa_jay} which one Geo?
[11:17] {peterg} soon as vad makes me more money, im getting the big benz
[11:17] {Geo} cant fit in miata though
[11:17] {Geo} old 626
[11:17] {peterg} good car that
[11:17] {lisa_jay} Wow.
[11:17] {Geo} debating pilot or sequoia
[11:17] {peterg} sequoia so big
[11:17] {Threei}  read my lips:
[11:18] {Threei}  Nissan Murano
[11:18] {Geo} i need 3 rows
[11:18] {dino} still waiting for buy one get one free from us carmakers
[11:18] {Threei}  no you don't
[11:18] {Geo} kids + cycle etc in the back
[11:18] {Geo} we have good weather vad
[11:18] {Threei}  put kids on bicycles and make them chase you
[11:18] {Geo} so go out with lot os stuff
[11:18] {Geo} hehehehe
[11:19] {peterg} needs to have ipod connection built in
[11:19] {Threei}  sheesh, how many kids do tyou have??
[11:19] {dino} 3rd row is nice geo, i have it too
[11:19] {Geo} only 2
[11:19] {Threei}  so what's the problem
[11:19] {Threei}  bike rack
[11:19] {Geo} but its a pain when family visits
[11:19] {peterg} but its nice to have them as far back as possible
[11:19] {Threei}  kids go to back seat
[11:19] {Geo} and they visit a lot
06[11:19] * Geo thinks they visit more than they should
[11:20] {Threei}  well... buying bigger car for that you encourage more visits {G}
[11:20] {Geo} lol
[11:20] {lisa_jay} lol
[11:20] {Geo} its their grandkids
[11:20] {magoo} why is everyone ignoring magoo today????
[11:20] {Geo} ok magoo
[11:20] {Threei}  is magoo here?
[11:20] {Geo} which car and how many kids
[11:20] {peterg} who is magoo?
[11:20] {lisa_jay} I thoght you went to the pot** took a dive.
[11:21] {dino} lol
06[11:21] * peterg slaps Geo around a bit with a large diamond-encrusted 1959 Cadillac Coupe DeVille
[11:22] {Geo} yup dino third row is good for visitors and great to pt down and put stuff for day picnics
[11:22] {Geo} i dont like getting slapped with bankrupt company cars
[11:22] {peterg} this is a classic
[11:22] {peterg} monster fins from the past
[11:22] {Geo} how about the phaeton
[11:22] {peterg} the benz ?
[11:22] {peterg} nice
[11:23] {peterg} saw one once, like on rails
[11:23] {peterg} in NYC
[11:23] {peterg} no rolls phaeton
[11:23] {peterg} benz Mayfair, mayback
[11:23] {peterg} maybach
[11:23] {dino} geo, you worry too much, when they discount the cars 10k+, bankruptcy not really an issue, imo
[11:23] {laserdave1} laserdave1 slaps Threei around with a salami sandwhich
[11:24] {lisa_jay} big dive
[11:25] {Geo} hey dave whats the symbol of 30 year treasury bon
[11:25] {Threei}  wow
[11:25] {Threei}  what happened?
[11:25] {Geo} double top
[11:25] {Geo} aint i smart
[11:26] {peterg} qqqq looks like batman
[11:26] {Threei}  rofl
[11:26] {Threei}  what imagination
[11:26] {Geo} 1220 break short NQ in hindsight
[11:26] {dino} lol it does
[11:38] {Threei}  if you had this setup, why not short it on bounce into new resistance/former broken asupport?
[11:38] {Threei}  perfectly touched 1220 on bounce and dropped back
[11:39] {lisa_jay} That would be conservative entry Vad?
[11:39] {lisa_jay} for Double top?
[11:40] {patience} hey dino, how do we close today?
[11:43] {dino} wmt hl .50 l
[11:43] {dino} up the gut says
[11:43] {patience} ty
[11:44] {dino} axys no mercy
[11:45] {Threei}  yes lisa, plus this idea of support becoming resistance
[11:46] {lisa_jay} Ok, thanks Vad.
[11:47] {Threei}  let's do a quick educational review
[11:47] {Threei}  have a look at GG 1 minute
[11:47] {wishbone} ya
[11:48] {Threei}  from 1_45 to 11:20 roughly, it established .50 as support
[11:48] {Threei}  from 10:45
[11:48] {Threei}  11:24 it broke down
[11:48] {Threei}  now, after the drop, bounce reached this level
[11:49] {Threei}  now it served as resistance, and GG dropped off of it
[11:49] {Threei}  made higher low and restested resistance again,
[11:49] {Threei}  with higher low it became more likely to break it this time which it did
[11:50] {Threei}  after break it retreated twice into this former resistance, now support
[11:50] {Threei}  and both times held it, making it possible entry on a long side.
[11:50] {lisa_jay} yes
[11:51] {Threei}  when such pronounced levels are being established, there is ample opportunity for scalpers to play around it
[11:51] {lisa_jay} Vad, when there is a pullback, how do you determine when to enter.
[11:52] {Threei}  pretty much discretionary,
[11:52] {Threei}  general idea is:
[11:52] {lisa_jay} On first sign of strength? or put order in to be hit (which sometimes it does not).
[11:52] {Threei}  when it nears such level close enough for your risk comfort, you are watching for signs of strength resuming
[11:53] {dino} axys sm l .00
[11:54] {lisa_jay} GG goint to retest the .50 level again.
[11:55] {lisa_jay} Took 10c on it Thanks Vad.
[11:55] {Threei}  notice how lower Bollinger band came into .50 at the same time
[11:56] {Threei}  worked perfetcly
[11:56] {Threei}  and lisa profited from very fresh lesson
[11:56] {Threei}  lol
[11:56] {Threei}  could it be any more perfect
[11:56] {wishbone} kick ass....thanks Vad...nice work Lisa:)
[11:56] {Threei}  theory lesson turning into profit 3 mnutes later
[11:56] {lisa_jay} Thanks Wishbone.
[11:57] {Threei}  you guys must allow me one not funny joke for that... and laugh at it
[11:57] {lisa_jay} ok
[11:57] {wishbone} no arguments here!
[11:59] {wishbone} vad would you describe some signs strength?
[12:00] {Geo} forgot your setting vad
[12:00] {Geo} mind sharing the BB setting again?
[12:00] {Threei}  just level 2/T&S wishbone
[12:01] {Threei}  bids strengthening, offers thinning, prints switching to ask side, uptick
[12:01] {Geo} that line is gold vad
[12:01] {Threei}  geo: 13, stardard deviation 1.7
[12:02] {Geo} ty
[12:02] {Threei}  which line?
[12:02] {wishbone} ok ty vad
[12:02] {magoo} ok..i have apptmt today so have to leave
[12:02] {Geo} [09:01] {Threei}  bids strengthening, offers thinning, prints switching to ask side, uptick
[12:02] {magoo} ty all
[12:02] {Geo} wait mago!!!!!!!!!!!!!!!!!!!!!!!
[12:02] {Threei}  ah come on... standard thing
[12:02] {lisa_jay} Bye Magoo.
06[12:02] * Geo slaps magoo around a bit with a large trout
[12:02] {magoo} he he
[12:02] {Threei}  take care mags
[12:02] {dino} wmt stop to .94\
[12:03] {Geo} learning it real time wihle looking for it difficult
[12:04] {dino} out wmt +.44
[12:04] {lisa_jay} nice
[12:05] {dino} ty
[12:05] {Threei}  30.20 now QQQQ support
[12:06] {Threei}  was broken on a sharp spike so not very strong support
[12:06] {Threei}  but something to watch
[12:10] {lisa_jay} Q's broke out of flag on 60 min chart.
[12:31] {patience} is every on wall street at the christmas party?  is anything moving?
[12:31] {patience} everybody
[12:32] {dino} nope
[12:33] {Geo} zzzzzzzzzzzzzzzzzz
[12:33] {Threei}  yawn©
[12:35] {patience} ok, taking mom shopping, give us 20 minutes and the market should pop
[12:35] {wishbone} just took 40 winks:)
[12:35] {lisa_jay} lol
[12:35] {Threei}  please tell us where you shop if that publickly traded
[12:35] {lisa_jay} Yeah..should we buy COH, COST, M
[12:36] {Threei}  peter used to move RIMM for us when manoevered with Blackberry
[12:36] {peterg} sent it back, still using Motorola Razr
[12:43] {lisa_jay} GG did another retest of breakout level.
[12:43] {lisa_jay} .80 this time.
[12:44] {Threei}  works like charm eh?
[12:45] {Threei}  watch what it does near 29 now
[12:45] {Threei}  recently broken resistance
[12:46] {Geo} hey what happenned to the blinking color calls ?
[12:46] {Threei}  you didn't see those in the morning?
06[12:46] * Geo is not greedy?
[12:46] {Threei}  10:59 the most recent
[12:47] {Threei}  reversed off 29.03 lisa
[12:47] {lisa_jay} yes, too busy eaty spagetti...could have taken it off of .91.
[12:48] {Geo} mmmmm spagetti
[12:48] {Threei}  I would pick spaghetti too
[12:48] {lisa_jay} with tons of cheese...made of 5 year olds.  Yummy.
[12:48] {lisa_jay} beats getting .30c on trade anyday.  sigh.
[12:48] {Geo} depends on the lot size on the 20 cents lol
[12:48] {Geo} 30
[12:49] {lisa_jay} yeah
[12:49] {dino} lol
[12:50] {Threei}  but I am the guy who said (and got slapped for that) "Given a choice between heartburn and romance as a cause for some behavioral patterns, I'll name heartburn any day"
[12:50] {lisa_jay} lol
[12:50] {Geo} that was too deep
[12:50] {Threei}  that's me
[12:50] {Threei}  deep
[12:51] {Geo} lvs
[12:55] {Threei}  GG nonstop
[12:56] {lisa_jay} sob
[12:57] {Geo} serves both of yo right
[12:57] {Geo} teaching and learning rather than trading
[12:57] {lisa_jay} :-)
06[12:57] * Geo ducks
[12:57] {Threei}  I got it
[12:57] {Threei}  geo is taliban
[12:58] {Geo} wot???????????????
[12:58] {Threei}  hates the image of woman learning
[12:58] {dino} t sm l .50
[12:58] {Geo} you do realize taliban means student in urdu
[12:58] {Threei}  nope
[12:58] {Threei}  I don't even know what urud is
[12:58] {Threei}  urdu
[12:58] {Geo} derivative of arabic
[12:58] {Geo} spoken in south asia
06[12:59] * Threei decides against phrase "I don't even know what sia is"
[12:59] {Threei}  asia
[12:59] {Geo} its where russia claims to be
[12:59] {lisa_jay} Sia is a singer.
06[13:00] * Geo googling frantically
[13:00] {Geo} is she cute?
[13:00] {Threei}  it's he
06[13:00] * Threei ducks
[13:00] {Geo} nope
[13:00] {Geo}
[13:00] {lisa_jay} I love her music, but not sure if she is cute...i don't swing that way.
[13:00] {Geo} no meat eating man will be named sia
[13:01] {Threei}  HIG, small bounce scalp if pulls back closer to 16
[13:04] {peterg} still lower on HIG?
[13:04] {Threei}  not taking it here
[13:04] {peterg} k
[13:04] {Threei}  too far from support
[13:05] {Threei}  meat eating man eh... I like this
06[13:07] * Threei slaps KSystems around a bit with a large clay model of Mazda MX-5
[13:08] {Threei}  finher on the trigger HIG
[13:08] {Geo} ot?
[13:08] {Geo} lot
[13:08] {Threei}  full
[13:09] {Threei}  in
[13:09] {Threei}  .03 and .04
[13:09] {Threei}  just a scalp, ridiculously tight stop
[13:10] {Geo} under 95?
[13:10] {lisa_jay} where stop vad
[13:10] {Threei}  either under .95 or even under 16
[13:10] {_elepet} in at .04
[13:10] {Threei}  this kind ofte requires a few tries
[13:10] {Threei}  high odds of shakeout
[13:12] {Threei}  no help from market
[13:13] {Geo} out
[13:14] {Threei}  no woprky
[13:14] {dino} out t
[13:42] {dino} vno sdm l .22
[13:43] {dino} sm
[13:45] {Geo} hullo?
[13:45] {Threei}  ewho are you calling hullo?
[13:45] {Geo} ok connected
[13:50] {lisa_jay} ggany read Vad?
[13:51] {lisa_jay} never mind
[13:54] {Geo} yawn (copyrighted)
[13:54] {dino} vno stop is .98
[13:54] {dino} stopped
[13:55] {lisa_jay} dumps
[13:55] {Geo} wow
[13:59] {Geo} inside day again i guess
[14:03] {Threei}  JPM
[14:14] {peterg} ok group, off to school conference for high school senior; nearing the end of these things!
[14:14] {peterg} make money & have fun
[14:14] {Threei}  take care peter
[14:14] {peterg} bye
[14:17] {dino} cya
[14:21] {Threei}  DEYS becomes a bounce candidate
[14:22] {Threei}  DRYS
[14:22] {Threei}  off 9.50 support with market help
[14:24] {Threei}  finger on the trigger
[14:24] {Threei}  first strength
[14:24] {Threei}  in
[14:24] {Threei}  stop under .30
[14:24] {Threei}  don't touch it if not ready for a few tries
[14:25] {Threei}  no go
[14:27] {Threei}  atempt #2 is coming
[14:36] {dino} afam hl l .50
[14:43] {Threei}  market just can't find footing
[14:43] {patience} office punch bowl must be spiked
[14:45] {lisa_jay} very strong selling
[14:45] {Threei}  with no news
[14:45] {lisa_jay} next week options expiry
[14:45] {KSystems} they've run out of bad news
[14:45] {KSystems} must be a bad sigh
[14:45] {Threei}  lol
[14:45] {KSystems} sign
[14:47] {dino} afam stopped sheesh
[14:49] {Threei}  one more leg down it seems
[14:55] {Threei}  been quite a while since we've seen such string selling
[14:55] {Threei}  strong
[14:55] {lisa_jay} yup
[14:55] {Geo} just when we were forgetting it
[14:56] {Geo} lets all thank jamie dimon
[14:56] {Threei}  what did he do?
[14:56] {Geo} Trading loans and high yields and mortgages; seeing constant credit deterioration, probably worse than they had expected
[14:56] {Geo} said this on cnbc
[14:57] {Geo} Said November has been a difficult month and it will be a tough Q4... December is 'doing pretty terrible', worse than expected
[14:57] {lisa_jay} We might get a gap fill Dino?
[14:58] {dino} got it 8635
[14:58] {dino} s&p filling
[14:59] {lisa_jay} nasdaq
[14:59] {wishbone} what is ticker for s&p in laser?
[14:59] {Threei}  bounce time
[14:59] {dino} spy
[14:59] {Threei}  "/sp8z"
[15:00] {Geo} today thurday probably switch to 9H
[15:00] {Threei}  oh yes
[15:00] {Threei}  forgetting rollover
[15:00] {lisa_jay} what are you looking for bounce Vad?
[15:01] {Geo} what bounce heheheheh\
[15:01] {Threei}  you sure you need this excitement lisa? :)
[15:01] {lisa_jay} :-)
[15:01] {wishbone} ty dino....vad /sp8z entered in trading settings doesn't work for i need to pay
[15:01] {Threei}  if yes, DRYS would be my preference
[15:01] {Threei}  it's a CME feed
[15:02] {wishbone} ok ty vad
[15:02] {Threei}  if you don't have it, you won't see those
[15:03] {Threei}  ok, if I can get DRYS at 8 I'll be all over it :)
[15:06] {Geo} all over it hmmmmmm
[15:08] {lisa_jay} Geo, not so inside a day anymore...sigh.
[15:08] {Threei}  missed it under .40... grrr
[15:20] {Threei}  8.75 break
[15:20] {Geo} stop vad?
[15:21] {Geo} below 60
[15:21] {Threei}  under .65 or .60
[15:21] {Geo} sorry .65
[15:25] {Threei}  half out
[15:25] {Threei}  .84
[15:26] {Threei}  out in full .93
[15:27] {lisa_jay} 18c Thanks Vad.
[15:27] {Threei}  welcome
[15:28] {wishbone} +18 ty vad
[15:28] {Threei}  :)
[15:34] {dino} gj
[15:34] {Threei}  what a reletnless selling
[15:34] {lisa_jay} Vad, how to determine if this is a double bottom on q's or not?  Thanks.
[15:35] {Threei}  doesn't look like one
[15:36] {Threei}  it may very well hold this support but I am not jazzed about buying here
[15:36] {Threei}  rather feels like more downside to me
[15:37] {lisa_jay} Ok, thanks.
[15:39] {dino} same feeling
[15:39] {dino} going for -300+
[15:39] {patience} tsx -302
[15:39] {peterg} back for close
[15:40] {peterg} in anything?
[15:40] {Threei}  not at the moment
[15:41] {Threei}  some stops some scalps while you were out
[15:41] {Threei}  nothing outstanding
[15:41] {Threei}  -249 Dow
[15:41] {Threei}  hello afternoon selloffs, long time no see
[15:43] {dino} afam big old rinse
[15:46] {patience} hmm...slw salmon
[15:46] {dino} classic 3:40 bounce
[15:52] {peterg} well, my hopes for a profitable day are dashed
[15:52] {dino} me too peter
[15:52] {dino} we'll get 'em tomorrow
[15:52] {peterg} yep
[15:52] {Geo} you didnt take vads calls peter
[15:53] {peterg} are you strill on vadcontrol, geo?
[15:53] {peterg} I think I'll go there
[15:53] {Geo} i do stuff on side
[15:53] {Geo} but i am not in a position to refuse his calls yet :)
[15:53] {peterg} absolutely
[15:54] {peterg} in my ten year learning program, I am doing executions now for the next five years
[15:54] {Threei}  why would anyone want to do that
[15:54] {wishbone} good nite all
[15:54] {peterg} nite wish
[15:54] {peterg} do waht?
[15:54] {Threei}  I would understand if my calls sucked
[15:54] {lisa_jay} Bye Wishbone
[15:54] {Threei}  take care wish
[15:54] {Geo} if youre more experienced like dino you branch out
[15:54] {Geo} thats what i mean
[15:54] {wishbone} thanks again for the lesson on GG Vad and the great calls!
[15:54] {Threei}  :)
[15:54] {Threei}  it's not so much about experience
[15:54] {dino} lol geo, dino has been confused 
[15:55] {wishbone} bye lisa. peterg
[15:55] {Threei}  as it is about personal style and comfort zone
[15:55] {Geo} its a phase
[15:55] {dino} magoo kicking my azz last two weeks
[15:55] {Threei}  imagine yourself exprienced
[15:55] {Geo} now thats tough
[15:55] {Geo} lol
[15:55] {Threei}  would it mean you'd reject calls you find consistently profitable and matching your trading styule?
[15:55] {Geo} if i am in a postion and monitoring i might
[15:55] {peterg} time to expand trading style repertoire

[15:58] {Geo} did vad just kick me out?????????????????
[15:58] {peterg} whole room dumped
[15:58] {Threei}  all of ya
[15:58] {peterg} but you me & 3
[15:58] {Geo} just kidding
[15:58] {Geo} ok ok ill take all calls !!!!!!!!!!!!!!!
[15:58] {Threei}  consider it my revenge
[15:58] {peterg} this is the inner sanctum, geo, where vad and i make really big bux
[15:58] {Threei}  lol
[15:58] {Geo} nope i was kicked out
[15:58] {peterg} patience in
[15:58] {Geo} and just got in
[15:59] {Geo} good day vad
[15:59] {Geo} 2.5x
[15:59] {peterg} many are called but few are chosen
[15:59] {Threei}  there
[15:59] {Geo} thanks a lot..... some mine
[15:59] {Threei}  and you are unhappy
[15:59] {patience} gorgeous day vad...time for a hike around the lake
[15:59] {Geo} hey when did i say that?
[15:59] {Threei}  even if you didn't I need an excuse for a slap
[16:00] {Geo} [12:57] {Geo} you didnt take vads calls peter
[16:00] {Threei}  on second thought... why do I need excuse
06[16:00] * Threei slaps Geo around a bit with a large roll of cash
[16:00] {Geo} ahhhhhh
06[16:00] * Geo slaps Threei around a bit with a large gold bar
[16:00] {Geo} feel the love !!!!
[16:00] {Threei}  not sure about lake
[16:00] {dino} gj geo, 3i
[16:00] {Threei}  ty dino
[16:01] {Threei}  ok guys, have a great evening
[16:01] {Geo} dino not that i am in a position to give pointers.....
[16:01] {Threei}  see you tomorrow
[16:01] {dino} i vow to do better tomorrow
[16:01] {Geo} but watching ZB for tells has helped me a lot
[16:01] {peterg} u2 vad, geo patience elepet dino
[16:01] {peterg} and lisa
[16:01] {Geo} i could give you atleast 3 charts where they are early by a min
[16:02] {patience} i'm watching silver wheaton wants to pop
[16:02] {dino} geo, what is zb?
[16:02] {Geo} future 30 yr bond
[16:02] {dino} i am using tbt, tlt
[16:03] {Geo} i find it lagging
[16:03] {dino} ok, 20 year the others
[16:03] {Geo} zb runs first
[16:03] {dino} thx
[16:06] {lisa_jay} Thanks Vad.

Wednesday, December 10, 2008

Dec 10 2008

Big heartful thank you to DRYS and EGLE for making our day perfect. That's all I have to say.

Session Time: Wed Dec 10 00:00:00 2008

[07:27] {_elepet} good morning
[08:00] {Threei}  Good morning
[08:01] {Threei}  DRYS new enthusiasm I see
[08:01] {Threei}  EGLE too
[08:07] {Threei}  10.40 break on DRYS, if it was market hours would be a confident call
[08:07] {Threei}  pre-market, reluctant call
[08:13] {Threei}  if you took it, exit here above .60, partial or halt
[08:13] {Threei}  out 2/3 .67
[08:16] {Threei}  offering last portion 10.90
[08:18] {Threei}  out
[08:44] {hawkfan4} good morning
[08:44] {Threei}  hawk :)
[08:44] {hawkfan4} Vad :)
[08:45] {lisa_jay} Hi Vad.  Nice DRYS call.
[08:45] {hawkfan4} Driving the icy roads of the Chicago suburbs this morning
[08:45] {Threei}  lisa :)
[08:46] {peterg} hello all
[08:46] {Threei}  peter :)
[08:48] {patience} good morning RT
[08:48] {Threei}  patience :)
[08:56] {ese} good morning
[08:57] {ese} pre trading DRYS
[08:57] {hawkfan4} ese,peter,lisa,patience  and all :)
[08:57] {ese} mornin hawk
[08:59] {lisa_jay} Hi Hawk
[09:00] {Threei}  ese :)
[09:00] {KSystems} Good morning :)
[09:01] {ese} morning Vad
[09:01] {Threei}  KS :)
[09:01] {ese} Ksys
[09:02] {KSystems} ese!
[09:08] {ese} whats the news on egle Vad
[09:09] {Threei}  dry shipper
[09:09] {Threei}  same as DRYS
[09:10] {ese} question #2 is SBLK a simpathy play as well
[09:12] {Threei}  08:18am Baltic Dry Bulk index +1.8%, third straight increasemore.. - Capesize : +19% to $5k - Handysize : +0.8% to $4.4k - Panamax: -3.4% to $3.6k (related: EXM DRYS EGLE DSX IYM )
[09:12] {Threei}  not mentioned among sector names... but seems to be in this sector
[09:12] {ese} tks
[09:13] {Onix} Good morning all
[09:13] {brian3579} gm all
[09:13] {Onix} hi brian
[09:13] {ese} onix brian
[09:13] {Threei}  onix brian :)
[09:13] {Geo} gm all
[09:13] {Threei}  brian, welcome back
[09:13] {Threei}  geo :)
[09:13] {brian3579} ty
[09:13] {Threei}  how was your trip?
[09:14] {brian3579} great
[09:14] {dptl} good morning all
[09:14] {Threei}  dp :)
[09:15] {Onix} hi dp
[09:15] {dptl} :)
[09:15] {ese} dp
[09:16] {dptl} ese :)
[09:16] {ese} going to be in your neck of the woods Saturday band is playing at the Seraton Wall center on Saturday night
[09:17] {hawkfan4} what do you play es?
[09:17] {dptl} is there some event? what time?
[09:18] {ese} professioanl drummmer/ degree in percussion performance/ have played with 4 symphonies in canada
[09:18] {ese} private corporate event dp for RESCAN sicientists and engineers
[09:19] {hawkfan4} wow, cool beans es
[09:19] {dptl} i see :)
[09:19] {ese} keeps me off the streets hawk....and vad keeps me off the streets as well
[09:20] {hawkfan4} lol.  i have a drum set, but haven't ever played it.  bought it a few years ago for my little brother's band, and now they're all married, so i just got it back
[09:20] {ese} heres my band hawk ( 
[09:21] {ese} thats funny
[09:21] {Threei}  be back in 5
[09:21] {Geo} so youre the one on left?
[09:21] {Geo}
[09:22] {hawkfan4} nice es, very cool.  musician + trader, about the best career combo i could think of :)
[09:22] {ese} definately
[09:23] {ese} also teach band and mathematics at a high school here in victoria.....want to be like vad though
[09:23] {Geo} man... no I have to download and listen....
[09:23] {Geo} now
[09:24] {ese} those tunes are 3 years old now we have to put up some new stuff
[09:29] {Threei}  DRYS
[09:29] {Threei}  - Agreed to cancel the previously declared acquisition of four Panamax dry bulk carriers, which was announced on July 3, 2008, from companies beneficially owned by George Economou, Chairman and CEO of DryShips Inc. The aggregate purchase price of $ 400M would have represented a significant cash outflow from the Company's cash reserves given that the Company had not obtained bank financing for the acquisition.
[09:29] {Threei}  - The Audit Committee of DryShips Inc. concluded that due to the significant deterioration in the dry bulk market since the time the agreements were entered into, it would not be in the best interest of DryShips Inc. to consummate the transaction. The Company will seek to amend, wherever possible, the contracts regarding dry bulk acquisition and newbuilding commitments, potentially resulting in significant capital expenditure savings.
[09:29] {Threei}  - As part of the agreement, the selling companies will retain the deposits totaling $55M for the four vessels
[09:29] {dino} gm all
[09:30] {Threei}  dino :)
[09:30] {Onix} hi dino
[09:32] {dino} :)
[09:32] {wishbone} .
[09:33] {wishbone} .
[09:33] {Threei}  hi wishbone
[09:33] {wishbone} gm....having computer problems today :(
[09:34] {Threei} Long Setup:  EGLE  half lot
[09:34] {Threei}  6.90 - .95
[09:35] {Threei}  stop under .70
[09:36] {lisa_jay} Got 20c on EGLE thanks Vad.
[09:36] {Threei}  :)
[09:38] {Threei} Long Setup:  DRYS  .5 break half lot
[09:38] {Threei}  stop under .30
[09:43] {Threei}  half out DRYS .80
[09:44] {Threei}  stop to .45
[09:45] {Threei}  half out EGLE 7.10
[09:46] {Onix} ty vad, i got .11 & .24 in egle
[09:46] {Threei}  :)
[09:47] {dino} out drys .85, +.35 ty vad
[09:47] {Threei}  offering second half DRYS 12.05
[09:47] {Threei}  dino!
[09:47] {Threei}  broke the curse of the opening trades
[09:48] {dino} took yours'
[09:48] {Threei}  out EGLE in full .37
[09:48] {Threei}  out DRYS in full 12.08
[09:48] {Threei}  can I go home?
[09:48] {KSystems} beauty
[09:49] {lisa_jay} nice
[09:49] {tomg} followed you almost exactly, ty vad
[09:49] {Onix} gj vad
[09:49] {Geo} no !!!
[09:49] {Threei}  tom :)
[09:49] {Geo} i missed second half
[09:49] {Geo} had to scalp in hurry and revboot :(
[09:49] {Threei}  wow... great time to reboot
[09:49] {Geo} you bet
[09:49] {Geo} was rebooting and crying
06[09:50] * Threei passes Geo a tissue
[09:51] {Geo} i hate it when i miss free money
[09:51] {peterg} came back in time to make .08 on drys ty
[09:52] {Threei}  welcome
[09:52] {peterg} next
[09:53] {peterg} egle still climbing
[09:54] {Threei}  not sure about this break attempt
[09:54] {Threei}  something doesn't feel right
[09:54] {Threei}  I'll stay away from EGLE here
[09:54] {Threei}  can't quite put it in words
[09:55] {Threei}  chart looks OK for break but something in me resists
[09:55] {Chaeron} good morning all
[09:56] {dino} mkt pullback perhaps
[09:56] {Threei}  chaeron :(((
[09:56] {patience} yup
[09:56] {Threei}  not sure dino... they both went up against market last time around too...
[09:56] {Threei}  but something is different this time
[09:57] {Threei}  I listen to my inner voice, it proved to be right on too many occassions
[09:57] {peterg} egle breaks down
[09:57] {Threei}  there... have a look at both
[09:57] {Threei}  DRYS down almost a buck in a heartbeat
[09:57] {Threei}  EGLE would have stopped us brutally
[09:57] {peterg} well-tuned attunement
06[09:57] * Threei thanks his inner voice
[09:58] {tomg} nice read egle vad, kept me out, ty
[09:59] {peterg} ditto
[09:59] {tomg} got it first time, though :)
[09:59] {lisa_jay} Thanks to the inner Vad.
[09:59] {Threei}  lol
[10:00] {Geo} yeah the inner vad.... fit young and handsome
[10:00] {Threei}  OCT WHOLESALE INVENTORIES: -1.1% V -0.2%E
[10:00] {lisa_jay} Q's coiling.
[10:00] {dino} i reger to that as "gut"
[10:00] {dino} refer
[10:00] {Geo} hmmm true
[10:01] {lisa_jay} Thanks to Dino's Gut's.
[10:01] {dino} lol
[10:02] {Threei}  {XLF}
[10:02] {Threei}  as in, spent it all?
[10:03] {dino} wmt sm l .45 stop lod
[10:04] {dino} yeah, they have no more money
[10:06] {Threei}  watching HIG
[10:06] {Threei}  pullback into 16 would be interesting
[10:07] {Threei}  half lot
[10:07] {Threei}  volatile
[10:07] {Threei}  alternatively, .26 long
[10:07] {Threei}  with stop under .10
[10:12] {Threei}  stop to .15
[10:12] {Geo} drat again
[10:12] {Threei}  just want to use last pullback to decrease risk
[10:13] {Threei}  not willing to give much of morning profits back
[10:13] {peterg} good
[10:13] {Threei}  I cherish my profits
[10:13] {Threei}  rather be shaken out with tight stop at this point
[10:14] {peterg} in hig?
[10:14] {dino} sso sm l .40, stop .08\
[10:14] {Threei}  yup
[10:14] {dino} wmt stop to .85
[10:14] {dino} to .99
[10:14] {Threei}  market is breaking out
[10:14] {tomg} nice wmt dino
[10:15] {dino} to .05
[10:15] {dino} ty
[10:15] {dino} to .15
[10:15] {Threei}  wow, beauty on WMT
[10:16] {dino} out .25, +.80
[10:16] {dino} wmt
[10:16] {Threei}  wtg
[10:16] {dino} ty
[10:16] {peterg} beaut
[10:16] {dino} longer walk this a.m.
[10:16] {tomg} ty wmt dino, got part of it
[10:16] {peterg} out sso +.15
[10:17] {peterg} thks dino
[10:17] {Threei}  great job guys
[10:17] {dino} sso to b/e
[10:17] {dino} gj guys
[10:17] {Geo} you in hig from where vad... rebooted again
[10:17] {dino} amzn not following so far
[10:19] {tomg} wag
[10:19] {Threei}  .25 Geo
[10:19] {Geo} TY i entered on retrace
[10:19] {Geo} 10 cent stop nice.
[10:20] {Threei}  yeah, what the heck
[10:20] {dino} sso stop to .68, stingy mode
[10:20] {dino} out, +.28
[10:21] {Geo} out
[10:21] {Threei}  stopped HIG
[10:21] {Geo} rinse
06[10:21] * magoo slaps Threei around a bit with a large plate full of regretts for being late
[10:21] {Threei}  good morning to you too mags
[10:22] {Threei}  see how new tools stimulate your creativity?
[10:22] {dino} slacker
[10:22] {Threei}  this is not your old magoo with traditional fish
[10:22] {Threei}  wow HIG
[10:22] {Geo} yup rinse
[10:22] {Threei}  that was uncalled for
[10:22] {Threei}  and very rude
[10:22] {Threei}  off my screen
[10:24] {dino} ouch axys
[10:29] {tomg} wag vad?
[10:31] {Threei}  would like one more little pullback, bottoming out not lower than .25, then break on it, tom
[10:31] {tomg} ok, ty
[10:31] {Threei}  .30 as new support would be even better
[10:34] {Threei} Long Setup:  GG  half lot .15
[10:34] {Threei}  if stays above 27
[10:35] {Threei}  DOE CRUDE: +392K V +1.2ME;
[10:35] {Threei}  GASOLINE: +3.7M V -500KE; DISTILLATES: +5.6 V -1.5ME;
[10:37] {Geo} i guess that GG spike doesnt count vad due to oil number?
[10:39] {Threei}  most likely
[10:39] {Threei}  hard to tell really... a bit more volatility than 15 cents stop allows for
[10:39] {dino} amzn sm l .90, stop .63
[10:40] {Geo} i entered and got stopped
[10:40] {Geo} glad half lot
[10:41] {dino} axys hmm, 55 strike maybe
[10:41] {dino} amzn stopped -.27
[10:42] {Threei}  not sure that was right way to play it geo
[10:43] {Threei}  it violated the support, then spiked sharply into break level
[10:43] {Geo} true... i guess I am a little off
[10:43] {Threei}  I would be hesitant to buy such spike even if it didn't break support prior
[10:43] {Threei}  in such cases, let it go, wait for it to retreat and consolidate, reinforcing the support again
[10:44] {Threei}  when it shows new consolidation it becomes valid again
[10:45] {Threei}  LOL
[10:45] {Threei}  have a look at this
[10:45] {Threei}  I am trying to envision CEO who would say our stock is unattractive
[10:45] {Threei}  disgusting
[10:46] {Threei}  repealing
[10:46] {Threei}  stay away
[10:46] {Threei}  whatever you do, please do not buy our ugly stock
[10:46] {dino} wmt big pullback
[10:47] {Threei}  oil is getting hit hard
[10:51] {magoo} we in anything?
[10:51] {Chaeron} trouble
[10:52] {magoo} chaer:)
[10:54] {Threei}  lol
[10:54] {Threei}  not right now mags
[10:54] {Threei}  trying to get a feel for what's next
[10:56] {dino} rec?
[10:57] {magoo} out  of sorts being late..and now phone call for 10 mins
[10:58] {Threei} Long Setup:  QQQQ  30.04 if stays above 29.95
[11:00] {Threei}  LVS
[11:01] {Threei} Long Setup:  DRYS  30 break half lot if stays above .20
[11:02] {Geo} bonds rallying
[11:05] {dino} sm l amzn .30
[11:05] {Threei}  Qs 1:1, half or scalp, your choice
[11:05] {dino} stop .98
[11:08] {Threei}  DRYS no worky
[11:08] {peterg} made .03, ty
[11:09] {peterg} profit will almost pay for blu-ray disc of The Dark Knight
[11:10] {Threei} Long Setup:  ALTR  .49 if stays above .40
[11:10] {Threei}  lol peter
[11:10] {dino} lol
[11:11] {dino} mkt stuck
[11:12] {Threei}  feels like ramp up is coming
[11:12] {magoo} full lot ALTR?
[11:12] {Threei}  yeah, l.iquid and tight stop
06[11:13] * Threei kicks the market in the rear
[11:13] {Threei}  sold half Qs .15
[11:15] {Threei}  offering 1/5 more at .28 and trying to keep last portion for bigger run
[11:15] {Threei}  1/4
[11:15] {Geo} altr stuck
[11:16] {Threei}  so kick it
[11:16] {Threei}  I am busy kicking QQQQ
[11:16] {magoo} kivking
06[11:16] * Geo puts his kicking boots on
[11:16] {Threei}  {--- doesn't want to know what kivking means
[11:17] {dino} c'mon 3i, you're putting holes in my walls
[11:17] {Threei}  that's not me
[11:17] {Threei}  that's magoo
[11:18] {dino} that son of a..
[11:18] {patience} i need to leave on my run, just a bit of euphoria so i can get out of my position
[11:19] {Threei}  doing all I can
[11:19] {patience} much obliged
[11:19] {lisa_jay} LOL
[11:19] {Geo} out 1/4 Qs
[11:19] {Geo} thanks vad
[11:19] {Threei}  welcome sir
[11:19] {Threei}  out 1/4 more on Qs .28
[11:20] {Geo} where are you throwing rest?
[11:20] {dino} amzn stop to .85
[11:20] {Threei}  stop is under .10 for the last poretion
[11:20] {Threei}  no selling point in mind yet
[11:20] {Threei}  want to try and milk it
[11:20] {Geo} TY
[11:21] {dino} out amzn .90, +.60
[11:22] {Chaeron} nice dino
[11:22] {patience} very nice
[11:22] {patience} my turn now
[11:22] {Threei}  wtg
[11:22] {dino} ty
[11:22] {Threei}  what are you holding patience?
[11:22] {magoo} vad..we looking for more than .02 cents ALTR lol
[11:22] {Threei}  lol, hopefully
[11:23] {Threei}  [11:12] {Threei} feels like ramp up is coming
[11:23] {Threei}  was that a read or what
[11:25] {patience} i'm in silver wheaton, just want another 20 cents
[11:25] {Threei}  that's a slow one...
[11:25] {peterg} ontario?
[11:25] {patience} i know, i know...but its cheap and i can buy volume
[11:25] {patience} and i thought silver would be a gold sympathy play
[11:26] {Threei}  yes... but you'll never get to your run if you want to wait for 20 cents on it :)
[11:26] {Geo} patience you seem to trade metals
[11:26] {patience} well its either me or it running, i would rather it was it
[11:26] {patience} i do geo
[11:26] {Geo} any idea why platinum is priced close to gold hese days?
[11:26] {patience} usually there is some decent momo
[11:26] {patience} shrug, don't trade it geo
[11:27] {Geo} first time in years that has happenned
[11:27] {Geo} ok
[11:28] {dino} geo getting deep on us :)
[11:28] {Geo} it can be a bet the farm spread trade if done right
[11:29] {Geo} just not my ocre competency
[11:29] {Geo} core
[11:31] {dino} sm l t .50
[11:31] {dino} stop .19
[11:36] {dino} amzn smackdown again
[11:47] {Threei}  woohoo
[11:47] {Threei}  ALRT 1:1
[11:47] {Threei}  believe it or not
[11:47] {Geo} heheh got it thanks vad...
[11:47] {Threei}  ALTR
[11:47] {Geo} supreme patience
[11:47] {Geo} see i dont label dogs anymore
[11:47] {magoo} wait 61 and wont fill he hre
[11:48] {Threei}  [11:12] {Threei} feels like ramp up is coming
[11:48] {Geo} hmm i filled 61
[11:48] {Threei}  was that a read or what
[11:48] {Geo} 500 shares
[11:50] {_elepet} altr
[11:52] {patience} euphoria in slw is like watching paint dry
[11:54] {dino} lol, hardly euphoric, :)
[11:58] {Geo} cenx having a good day
[12:03] {magoo} still in q vad?
[12:03] {magoo} out .61 altr ty boss
[12:06] {Threei}  yes Qs
[12:07] {dino} amzn sm l .50
[12:11] {dino} pb &j, not bad
[12:12] {Chaeron} pull back and jump? or Peanut Butter and Jelly???
[12:14] {dino} 2nd
[12:14] {Chaeron} thx, thought I missed something
[12:15] {dino} lol, haven't had one in year or so, pretty tasty
[12:15] {KSystems} Vad, everytime I remember your remark yesterday afternoon I'm hearing a slight thunder rolling
[12:17] {Threei}  which remark?
[12:17] {peterg} still likin amzn dino
[12:17] {peterg} ?
[12:18] {dino} missed my exit on it
[12:18] {dino} wanted .00 never hit
[12:18] {dino} pb&j distraction
[12:20] {Chaeron} my fault.. sorry
[12:20] {dino} not
[12:21] {Chaeron} *whew*
[12:21] {dino} :)
[12:22] {Geo} off to work.... thanks guys... ending neg today due to various technical and mental reasons
[12:23] {Threei}  take care Geo
[12:23] {dino} amzn stopped -.31
[12:23] {patience} bye geo
[12:23] {Threei}  ALTR hit 1:2, QQQQ 1:4
[12:23] {dino} later geo
[12:27] {dino} 90 pt drop in 5 min.
[12:43] {Chaeron} .
[12:43] {magoo} ..
[12:46] {Threei}  was very tempted to reenter Qs of .10 but hesitated
[12:46] {lisa_jay} The ascending triangle support.
[13:06] {magoo} i must confess..i took q .10
[13:07] {Threei}  scalped?
06[13:07] * peterg slaps magoo around a bit with a large a nerf facsimile of the Empire State Building
[13:07] {magoo} lol
[13:08] {Threei}  aren't you guys happy with new script... what an array of opportunities to get creative {G}
[13:08] {peterg} true true
[13:10] {magoo} tru blood
[13:11] {peterg}  I like Sookie
[13:11] {peterg} but haven't watched recently
[13:12] {magoo} everytime i or dino steps in restroom..mkt crashes..i have to pee so bad but afraid mkt cant stand it
[13:12] {dino} indeed sookie
[13:12] {magoo} i luv cookies
[13:12] {dino} it's over peter
[13:13] {Threei}  mags... we can make a strategy out of it
[13:13] {Threei}  we short, you leave
[13:13] {Threei}  you are back we reverse
[13:13] {magoo} i know..dino does that
[13:13] {peterg} ok bye bye sookie for now
[13:13] {magoo} really irritates me lol
[13:14] {Threei}  I will ask KS to make a script for Pee Alert
[13:14] {dino} not my fault magoo, but if you're giving away trades, what can i do but play
[13:14] {dino} the phone rings too
[13:14] {KSystems} a what`?
[13:15] {dino} ks, just do it, no questions
[13:17] {dino} v sm risky, axys l .71
[13:17] {magoo} in q long..but i gotta go
[13:17] {magoo} market to fragile..gotta hold ittttttttttt
[13:18] {lisa_jay} Turned on all the taps in the house just to test how you react to the sound Magoo.
[13:19] {magoo} cruel
[13:19] {lisa_jay} sorry...the scientist in me.
[13:19] {Threei}  lol
[13:21] {dino} lol lisa
[13:21] {magoo} i just went
[13:22] {magoo} look at q chart
[13:22] {magoo} lisa fault
[13:22] {lisa_jay} Sorry :-)
[13:22] {lisa_jay} Needed to get on the q's wanted a pull back.
[13:29] {Threei}  something is whacky
[13:29] {Threei}  market makes too jerky moves with no warning
[13:29] {Threei}  can't get a feel for it so staying inactive
[13:30] {magoo} u think its this auto bailout news barrage..nonstop
[13:33] {Threei}  Try Playboy
[13:34] {Threei}  you may find it better alternative
[13:35] {Threei}  ok, this is total bs:
[13:35] {Threei}  - Remarks that the 50 bps cut will have a minimal impact
[13:35] {Threei}  - Sees multiple bottom through 2009, 2009 will be 'unambiguously' sluggish, noting GDP may decline 1-2%
[13:35] {Threei}  - Notes that now is not the time to buy high yield debt or US equities
[13:35] {Threei}  he is giving invsetment/trading advice now??
[13:42] {lisa_jay} You were right Vad about the Q's 
[13:43] {Threei}  yeah, not really playable for now
[13:49] {Threei}  pullback to 30 or just under maybe worth a try long for a scalp
[13:49] {Threei}  with stop under .90
[13:51] {Threei}  in .96
[13:51] {lisa_jay} in
[13:52] {Threei}  nope
[13:52] {Chaeron} good tight stop tho
[13:55] {lisa_jay} Still very jerky Q's.
[14:00] {Threei}  *NOV MONTHLY BUDGET STATEMENT: -$164.4B V -$171BE
[14:14] {Threei}  DRYS
[14:14] {Threei}  ummm
[14:15] {Threei}  late... broke .40 big offer
[14:15] {Threei}  don't want to chase
[14:15] {Chaeron} if it comes back?
[14:15] {Threei}  could be, with stop under .30
[14:15] {Threei}  but watch NASDAQ
[14:16] {Threei}  needs support
[14:16] {Threei}  ok, same situation again
[14:16] {Threei}  big offer to break at .40
[14:16] {Threei}  taken
[14:17] {Threei}  if market cooperates, will take .50 for another jump
[14:19] {Threei}  very willing
[14:19] {Threei}  half out
[14:19] {Threei}  or scalp
[14:19] {Threei}  nice and easy 17 cents
[14:21] {Threei}  there you go
[14:21] {Threei}  another news, another knee-jerk move
[14:22] {lisa_jay} Thanks Vad, got 14c on DRYS.
[14:22] {Threei}  :)
[14:27] {Threei}  TV: but then the economy hit the fan
[14:27] {Threei}  am I the only one who finds it funny? :(
[14:28] {dino} v sm l afam .45
[14:36] {Threei}  .56 half lot long DRYS
[14:37] {magoo} volume on this up push vad
[14:37] {Threei}  if stays above .45
[14:37] {lisa_jay} stop vad
[14:37] {Threei}  either under .45 or .40
[14:37] {Threei}  both valid
[14:38] {Threei}  market goes up on that
[14:38] {Threei}  I am dazed and confused
[14:38] {Threei}  half out or scalp DRYS
[14:39] {Threei}  your choice
[14:39] {Threei}  I took scalp
[14:39] {Threei}  too sharp up
[14:43] {Threei}  anyone took it?
[14:43] {lisa_jay} nope
[14:44] {Threei}  that does it... no one laughs at my jokes, nor does take my trades
06[14:44] * Threei removes himself to monastery
[14:44] {lisa_jay} sorry hesitated and paid for it...
[14:44] {lisa_jay} I laught at your jokes....and cry at the trades that i miss.
[14:45] {lisa_jay} *laugh
[14:45] {magoo} what the hells going on??
[14:45] {Threei}  I will think of that while meditating among Tibet peaks
[14:50] {dino} afam stop to .18
[14:50] {Threei}  jeez
[14:50] {Threei}  what a jerkiness
[14:50] {lisa_jay} yes
[14:50] {dino} out .16, +71
[14:50] {dino} .
[14:50] {Threei}  wtg
[14:50] {lisa_jay} Vad, do you draw trendlines on q's when following them? (or nq)
[14:50] {patience} nice dino
[14:50] {Threei}  nah
[14:50] {Threei}  too lazy for that
[14:50] {Onix} great dino
[14:51] {Threei}  but they are easy to visualize
[14:51] {dino} lucky
[14:51] {lisa_jay} I have been doing that and it is amazing how sometimes they act as support and resistance.
[14:51] {Threei}  yup
[14:52] {lisa_jay} Wanted to thank you for teaching me that trick...
[14:54] {Threei}  wasting your time lisa... I am going to that monastery anyway {G}
[14:54] {cosmo} take a lap top
[14:54] {Chaeron} beautiful girls thanking you and you're still set on monastery......
[14:55] {Threei}  of course... how else will I reach a... ummm... sites full of wisdom and knowledge
[14:55] {lisa_jay} Chaeron...are you flirting again.
[14:55] {cosmo} telepathy?
[14:56] {Chaeron} constantly *blush*
[15:05] {Geo} ok back.....
[15:05] {Geo} looking forward to crawling back in black.......
06[15:05] * Geo gives a clumsy hint to vad
06[15:05] * Threei pretends not to notice
[15:11] {Threei} Long Setup:  QQQQ  .05
[15:11] {Threei}  if stays above .95
[15:14] {magoo} magoo kickin q for geo:)
[15:15] {Geo} thanks buddy
[15:15] {Threei}  too sharp into resistance
[15:15] {Geo} yup
[15:15] {Threei}  want one more shallow pullback
[15:15] {Threei}  to 30 or so
[15:15] {magoo} not gonna get ut
[15:15] {magoo} blast off
[15:18] {dptl} have a good evening all
[15:19] {Threei}  take care dp
[15:19] {magoo} u to dp
[15:20] {dino} out axys ave .52, sm
[15:20] {Threei}  ok, in
[15:20] {Threei}  .95
[15:21] {Chaeron} stop?
[15:21] {Threei}  under .90
[15:22] {Threei}  could take a few tries, but want to keep it tight
[15:22] {Threei}  maarket is way too nervous
[15:25] {Threei}  half out
[15:25] {Threei}  +.10
[15:25] {peterg} nice
[15:28] {Threei}  offering 1/4 more .11
[15:29] {magoo} opffder .10
[15:29] {Threei}  out 1/4
[15:29] {Threei}  last portion offering .17
[15:29] {magoo} .16 here
[15:29] {Threei}  {--- crying
[15:29] {KSystems} why?
[15:30] {dino} sds sm s .75
[15:30] {Threei}  magoo is undercutting me
[15:30] {Geo} hehe
[15:30] {KSystems} :)
[15:30] {Chaeron} .89 here..... teasing...
[15:30] {Chaeron} took .13...+.15
[15:30] {Threei}  that's OK
[15:31] {Threei}  I'll have m y revenge when he comes to my Tibet cave with beer
[15:31] {Threei}  and I turn him down
[15:31] {Geo} after taking the beer
[15:31] {Threei}  saying "remember all those cents you undercut me by?"
[15:31] {dino} stopped -.35
[15:32] {Geo} ahhhh
[15:32] {Geo} thanks lord vader
[15:32] {Threei}  you are back in black?
[15:32] {Geo} have a 3 week streak going
[15:32] {Geo} almost
[15:32] {Geo} but it counts
[15:33] {Threei}  OK... don't know how you managed to have losing morning but glad we fixed that
[15:33] {Geo} man it was crazy..... 
[15:33] {Geo} i took the stops and rebooted machine on the wrking ones
[15:33] {Geo} thats how
[15:33] {Geo} takes a certain talent
[15:33] {Threei}  what is happening hat you have to reboot multiple times?
[15:33] {KSystems} do you have to reboot a lot?
[15:34] {Geo} no i dont.....
[15:34] {Threei}  I think I reboot once a couple weeks
[15:34] {Geo} for some reason system was hanging
[15:34] {Threei}  out last portion
[15:36] {dino} 3:40 rally?
[15:37] {Threei}  can't get a feel
[15:38] {dino} called averaging down
[15:41] {dino} on the nose
[15:41] {patience} yes it was dino
[15:45] {dino} afam l sm .97
[15:45] {dino} about 90% of the days patience
[15:46] {Threei}  JASO
[15:46] {Threei}  GUIDES Q4 $0.00 V $0.06E, R$124M V $231.3ME (R$191.5M-$221M PRIOR), GROSS MARGINS AT 5-7%
[15:46] {Threei}  to short it or leave it die in peace
[15:46] {Threei}  that is the question
[15:51] {Threei}  hehe... Qs hit my .17
[15:51] {Geo} heheheh
[15:51] {Threei}  not without shaking me oput first of course
[15:52] {Geo} i reentered
[15:52] {Threei}  wtg
[15:52] {Geo} .06 breakout
[15:52] {Geo} half lot only htough
[15:52] {magoo} finally in black..tougher day
[15:52] {magoo} i was out of sync
[15:52] {Geo} yeah same here
[15:52] {Geo} its vad fault
[15:53] {Geo} for raising expectations
[15:53] {Threei}  one missed first hour, another rebooted computer in the middle of the trades... and somehow it's my fault
[15:53] {peterg} hey, quick question in between vad beating
[15:53] {Threei}  monastery... right away
[15:53] {Threei}  this very evening
[15:53] {Geo} vad
[15:53] {peterg} round lot used to be 100 sh; half lot = 50?
[15:53] {peterg} dsnt sound right
[15:53] {Geo} a leader accepts responsibility
[15:54] {Geo} out
[15:54] {Threei}  peter... for me it's 1000 and 500
[15:54] {Geo} same here
[15:54] {Threei}  not sure if that's what you mean
[15:54] {peterg} ok so depends on start point thks
[15:54] {Threei}  pretty much
[15:55] {peterg} I usually buy/sell 100000000000000shares
[15:55] {Geo} nice
[15:55] {Threei}  I would too but I can't count that far
[15:55] {Geo} ok thanks guys..... 
[15:55] {Geo} have a great evening
[15:55] {peterg} who counts? just press buttons
[15:55] {Geo} these inside days are tough
[15:56] {Onix} Thanks for a good day Vad
[15:56] {Threei}  I like to pretend I know what I am doing peter
[15:56] {magoo} full lot =1k here
[15:56] {magoo} half=300
[15:56] {peterg} always good plan
[15:56] {Threei}  onix :)
[15:56] {Geo} wot magoo????
[15:56] {magoo} er, um.wait..500
[15:56] {Threei}  Geo... any day will be tough if you reboot midtrade
[15:56] {Geo} true
[15:56] {peterg} thanks for good day vad, dino
[15:56] {Threei}  lol mags
[15:57] {Threei}  re" math abilities, see magoo setting new standards
[15:57] {magoo} why, is 500 wrong???
[15:57] {Threei}  [15:56] {magoo} full lot =1k here
[15:57] {Threei}  [15:56] {magoo} half=300
[15:57] {peterg} 300 + 300 = 1000
[15:57] {Threei}  that remminds me a dialog betwen Winnie the Pooh and Piglet in russian joke
[15:58] {peterg} da?
[15:58] {Threei}  Winnie: listen bud... we were given 10 jars of jam as a gift...
[15:58] {Threei}  half in half, so here are your 3 jars
[15:58] {peterg} perfect!
[15:58] {Threei}  Piglet: Hmmm? how is half of 10 3?
[15:59] {Threei}  Winnie: I have no idea but I already ate my 7
[15:59] {lisa_jay} lol
[15:59] {peterg} lol
[15:59] {Threei}  OK guys... thank you all
[15:59] {Threei}  have a good evening
[15:59] {Threei}  see you tomorrow
[15:59] {magoo} ok..ill have  to drag my lazy arse out ogf bed tomorrow
[15:59] {Threei}  nah
[15:59] {KSystems} you too, Vad. enjoy the evning
[15:59] {Threei}  leave it there
[15:59] {peterg} and get here on time
[16:00] {magoo} vads picking morning winners
[16:00] {Threei}  wow
[16:00] {Threei}  what just happened to market?
[16:00] {lisa_jay} Thanks Vad.
[16:00] {magoo} was very jerky
[16:00] {Threei}  lisa :)
[16:00] {KSystems} when market grows up, wants to become an oscilloscope
[16:00] {Threei}  lol
[16:01] {Threei}  sophisticated joke... I'll pretend I understand and like those
[16:01] {lisa_jay} KSystems is that a stochastic?
[16:01] {lisa_jay} Never mind.
[16:02] {lisa_jay} Bye everyone.
[16:02] {peterg} bye
[16:02] {dino} strange, 46.29 hits afam and i was 46.22 no fill

Tuesday, December 9, 2008

DRYS made sure we had fantastic day. Very grateful to it for a lot of bills it paid in a single day. Identified early as a runner, and called for $10 target as it consolidated around $8.50. It overshot a bit but so be it - we scalped some on top of that move after it retreated. 

Session Time: Tue Dec 09 00:00:00 2008

[08:03] {Threei}  - No further details at this time{GM F}
[08:04] {Threei}  if we thought GM was run badly before, wait till goverment runs it
[08:09] {Threei}  DRYS tests yeaterday high
[08:22] {Threei}  so far looks salmonish
[08:49] {Threei}  {F GM}
[08:51] {ese} good morning team....
[08:51] {Threei}  ese :)
[08:51] {cosmo} how about we get Cal Worthington for 'car czar'?
[08:51] {Threei}  how about we don't have one
[08:52] {ese} managed to catch a nice little rn up in DRYS before i had to go yesterday....
[08:52] {Threei}  yes ese
[08:52] {Threei}  we congratulated you
[08:52] {Threei}  but we are too slow
[08:52] {Threei}  it occured way after you left :)
[08:52] {ese} belated thanks......i know you have my best interests at heart
[08:53] {Threei}  here, that'll make you laugh
[08:53] {Threei}  10 minutes after you left:
[08:53] {Threei}  [12:35] {dino} gj es
[08:53] {Threei}  [12:36] {Threei} {ese} you guys are really slow... I left quite a while ago and can't hear you, nor do I care to
[08:53] {Threei}  [12:38] {dino} lol
[08:54] {Threei}  sorry, I took liberty to answer for you
[08:54] {ese} too funny......
[08:55] {Threei}  at first I hesitated, thought maybe you were too polite for such answer
[08:55] {Threei}  then decided what the heck, worst case scenario you'll politely slap me with frozen tree from Saskatchewan
[08:55] {ese} nawww....i'm with a bounch of guys and gals who slap themsevles around with fish.....
[08:58] {dino} gm all
[08:58] {ese} qqqq's short perhaps today
[08:58] {patience} good morning RT, it's going to be your type of day dino
[08:58] {ese} dino
[08:59] {dino} i hope so patience, yesterday was a bust for me
[09:00] {KSystems} Good morning!
[09:00] {patience} helene says its pullback time before santa claus rally
[09:00] {Threei}  dino, patience, ks :)
[09:00] {wishbone} gm all
[09:00] {Threei}  wishbone :)
[09:00] {dino} i will go read it
[09:01] {KSystems} I found something cool for warming up...
[09:01] {KSystems}
[09:02] {patience} ty KS, made me laugh
[09:02] {KSystems} done already???
[09:02] {patience} i got the idea, it's still playing
[09:04] {KSystems} oh ok :)
[09:06] {ese} TBSI news..?
[09:06] {Geo} gm all
[09:06] {ese} geo
[09:06] {Threei}  not since 11/06
[09:06] {Threei}  geo :)
[09:07] {cosmo} EGLE too
[09:07] {dino} baltic index up again, tbsi
[09:08] {Threei}  [08:24] {Threei} BALTIC DRY BULK INDEX + 1.2%, 2ND STRAIGHT INCREASE
[09:08] {Threei}  ignore second line
[09:11] {Onix} Good morning all
[09:11] {Threei}  onix :)
[09:11] {ese} onix
[09:13] {dptl} good morning all
[09:13] {Threei}  dp :)
[09:13] {ese} morning dp
[09:14] {dptl} :)
[09:14] {Threei}  be back in 5
[09:16] {magoo} oh sure, leave when i log in lol
[09:17] {Onix} hi dp
[09:17] {dptl} :)morning
[09:17] {tomg} good morning all
[09:18] {Threei}  mags, tom :)
[09:19] {hawkfan4} gm all
[09:19] {Onix} hi magoo & tom
[09:19] {peterg} gm all
[09:19] {tomg} hi Onix
[09:20] {Onix} hi peter
[09:20] {magoo} :)
[09:20] {peterg} Onyx!
[09:20] {Threei}  peter :)
[09:20] {magoo} up 9 of last 11 we need to be careful
[09:20] {peterg} 3i!
[09:21] {Threei}  aren't we always
[09:21] {magoo} but, most expect pullbk, so mkt may go 700 points
[09:21] {Threei}  and if that happens DRYS is my first candidate for a runner
[09:21] {magoo} we ever play that lol
[09:22] {Threei}  nah, never heard of it before this morning
[09:22] {Threei}  and... you have no idea how funny its name sounds for russian ear
[09:23] {cosmo} sound like some brokerage company, right?
[09:26] {Threei}  dp... what does it sound like to you? :)
[09:26] {dptl} what drys?
[09:27] {Threei}  yeah
[09:27] {Threei}  8.20 pre-market resistance
[09:27] {dptl} hmmm
[09:28] {dptl} always wanted to call it GRUZ.
[09:28] {magoo} u looking for bounce or breakout?
[09:29] {magoo} watchinhg  HIG
[09:29] {Threei}  ok, I'll leave it alone... some already had thewir breakfast
[09:29] {Threei}  whatever shapes up mags, can't tell yet
[09:29] {Threei}  a week ago it was clear pullback stock
[09:29] {Threei}  but yesterday it acted right on breaks too
[09:31] {Threei} Long Setup:  DRYS  half lot 8 break if holding above 7.80
[09:31] {magoo} missed
[09:31] {Threei}  anyone got it?
[09:32] {patience} it runs quickly
[09:32] {Geo} 8:05
[09:32] {peterg} limit order stopped  me
[09:32] {peterg} not my fault of course, abut machine
[09:32] {Threei}  stopped?
[09:32] {peterg} preventeed
[09:32] {peterg} limit limited
[09:32] {Threei}  oh
[09:32] {dino} gap 8635
[09:32] {peterg} now look at it
[09:32] {Geo} out half and 1/4
[09:32] {Threei}  take profit here Geo
[09:33] {Geo} 100 left
[09:33] {Threei}  wait for pullback for reentry
[09:33] {tomg} ty vad
[09:33] {Threei}  tom :)
[09:33] {dino} gj
[09:34] {Geo} in .05 half out .20  1/4 ot .30 1/4 out .40
[09:34] {Geo} TY vad
[09:34] {Threei}  welcome
[09:34] {Geo} wow
[09:34] {Geo} you still in?
[09:34] {Threei}  no
[09:35] {Threei}  let it breathe, it pulls back hard
[09:36] {dino} sm s afam, wide risky, thin
[09:36] {Threei}  BRCM, watch for pullback into 15.60 for entry
[09:36] {dino} at .35
[09:37] {Threei}  yeah right says BRCM
[09:38] {Threei}  DRYS, most likely 8.30-8.40 level
[09:39] {Threei}  in half lot
[09:39] {Threei}  stop under .30
[09:40] {magoo} in .50
[09:40] {Threei}  a bit high, but works
[09:40] {Threei}  half out here
[09:40] {magoo} axctually .48
[09:40] {Threei}  yeah, that makes a lot of difference
[09:41] {tomg} in .40 out .60 ty vad
[09:41] {Threei}  beauty tom
[09:41] {Threei}  perfect reflexes
[09:41] {tomg} ty
[09:41] {Threei}  practice pays off eh?
[09:41] {tomg} :)
[09:42] {Threei}  BRCM doesn't want to pull back under 16
[09:43] {dino} afam stopped -.55
[09:43] {Threei}  market new strength... 16.20 break if holding here, but let's do half lot
[09:44] {Geo} stop under 10?
[09:44] {Threei}  for hardcore scalpers yes
[09:44] {Threei}  otherwise under 16
[09:45] {Threei}  pesky scalpers have 1:1
[09:45] {Threei}  so do sane traders now
[09:45] {tomg} 1:1 ty vad
[09:46] {Threei}  welcome
[09:46] {Threei}  mags, you pared DRYS?
[09:48] {magoo} missed exit boss
[09:48] {Threei}  if loses .40, pullback will be heavy
[09:48] {Threei}  awww
[09:48] {Chaeron} good morning all
[09:48] {Threei}  chaeron :)
[09:48] {Chaeron} missed a couple nice ones already, huh?
[09:48] {Threei}  yeah
[09:49] {Chaeron} shorting DRYS if loses .40?
[09:49] {Threei}  not me
[09:49] {Chaeron} [06:48] {Threei}  if loses .40, pullback will be heavy
[09:49] {Threei}  this is uptrending stock
[09:49] {Threei}  hot too
[09:49] {Threei}  I don't trade against the trend on those
[09:50] {Chaeron} yeah... was thinking scalp, but thanks for saving me from myself
[09:50] {Threei}  pullback is another entry on a long side for me
[09:50] {tomg} aapl
[09:50] {magoo} has 9 writen all over it
[09:50] {Threei}  9?
[09:50] {Threei}  I disagree
[09:50] {Threei}  10
[09:50] {Threei}  but you have to have nerves of steel to get that
[09:51] {Threei}  DRYS is nothing if not a widowmaker
[09:51] {Chaeron} hi mags
[09:51] {Threei}  ok mags
[09:51] {Threei}  sell half
[09:51] {Threei}  pleeease
[09:51] {magoo} nope
[09:51] {Threei}  sigh
[09:52] {Threei}  what did my life come to... begging people to make money
[09:52] {Geo} youre begging him to be less greedy
[09:52] {Geo} and that isnt right
[09:52] {Threei}  lol
[09:53] {Threei}  we are not in full blown bull market yet
[09:53] {Geo} :)
[09:53] {Threei}  gotta protect profits
[09:53] {Geo} i gone into that mode
[09:53] {Geo} up enuff
[09:53] {Geo} (enuff for me)
[09:53] {Threei}  salmon
[09:53] {Threei}  look at it
[09:54] {Threei}  9 break is coming
[09:54] {cosmo} wants 10
[09:54] {Threei}  yup
[09:54] {Threei}  1/4 more out
[09:54] {Chaeron} I want a pullback
[09:54] {Threei}  .90
[09:54] {Threei}  +.50
[09:54] {magoo} ok half here
[09:55] {Chaeron} nice guys
[09:55] {Threei}  thank you so very much
[09:55] {Geo} nice morning vad
[09:55] {Threei}  you should see me when I get enough sleep
[09:55] {Threei}  oh, you didn't mean my looks
06[09:55] * Geo doesnt want to see vad
[09:55] {Threei}  you are not alone...
[09:55] {Geo} hehe
[09:56] {Threei}  vad doesn't want to see vad
[09:56] {Geo} i can imagine
06[09:56] * magoo slaps Geo around a bit with a large naked statue of lord vader
[09:56] {Geo} making money hand over fist with eyes tightly shut
[09:56] {Geo} ewwwwwwwwwww
[09:56] {Threei}  although I will be forever grateful to onix who looked at my photo and call me "distinguished"
[09:56] {Geo} so magoo
[09:56] {Geo} where did ya get that statute eh?
[09:57] {lisa_jay} I think you are HOT Vad. :-)
[09:57] {Threei}  I don't want to hear answer
[09:57] {Geo} drys consolidating
[09:57] {dino} sm s sso .40
[09:57] {Threei}  that's disturbing image
[09:57] {Threei}  ah thank you lisa
[09:57] {Threei}  that outs your taste into question... but thank you anyway :)
[09:57] {Chaeron} lol
[09:57] {Geo} looks like someone made money today
[09:58] {lisa_jay} Nope...just got back from kids daycare.
[09:58] {Chaeron} even funnier Geo
[09:58] {lisa_jay} Wanted to pump up Vad to make another great call.
[09:58] {Geo} hey chaer... hows the beach cities doing?
[09:58] {Chaeron} great thanks... hope everyone is doing well and healthy here
[09:59] {Threei}  keeping eye on MRVL
[09:59] {Threei}  daily shows nice breakout level 6.20
[09:59] {Threei}  let's see if it consolidates close enough for a tight stop
[10:00] {Threei}  and breaks with market strength resumption
[10:00] {Chaeron} call it please
[10:00] {Threei}  *OCT PENDING HOME SALES: -0.7% V -3.0%E
[10:00] {Threei}  wow
[10:00] {dino} sm l skf .75 risky
[10:00] {Threei}  housing is bottoming out or what?
[10:00] {Threei}  call what?
[10:00] {Threei} Long Setup:  MRVL  6.20 break if stays above 6.10
[10:00] {Threei}  this?
[10:01] {Geo} full?
[10:01] {Chaeron} I'll take it :)
[10:01] {Threei}  sure
[10:01] {Chaeron} was hoping DRYS
[10:01] {Threei}  liquid enough
[10:01] {Threei}  oh
[10:01] {Threei}  well, DRYS is obvious
[10:01] {Threei}  just risky
[10:01] {Threei}  9 break
[10:01] {Threei}  as it stands now, the closest serious support is 8.65
[10:02] {Threei}  a bit too far
[10:02] {dino} stopped skf
[10:02] {Threei}  so size it accordingly
[10:02] {Geo} SKF dino???
[10:02] {Geo} didnt know you played that
[10:02] {magoo} i hit drys agg .91
[10:03] {Threei}  WOW!!!
[10:03] {Geo} wow
[10:03] {Chaeron} MRVL. what the?
[10:04] {Threei}  shakeout
[10:04] {Threei}  use this bounce to get rid of it
[10:05] {Threei}  didn't expect teleportation of MRVL
[10:05] {Threei}  not very typical for this one
[10:05] {Geo} wierd
[10:05] {Chaeron} shook me for .06
[10:05] {magoo} i took 11
[10:06] {magoo} tryinmg to control that ansd aapl at once is difficult
[10:06] {Threei}  I'll say
[10:06] {magoo} in the same mkt push i hiyt aapl with it at .80
[10:07] {magoo} exit .54
[10:07] {Threei}  DRYS at 10:06 AM 12/9/2008: Currently at 1 x average daily volume.
[10:07] {Threei}  ain't it nice when we identify the hot item for the day so early
[10:08] {magoo} weird mkt here..down 125 but feels like rally
[10:08] {Threei}  I just thought that
[10:09] {Threei}  well, NQ's green
[10:09] {magoo} yes vad..just like when u identified HIG...NICE BOSS 
[10:09] {Threei}  ok, half out DRYS
[10:09] {Threei}  .28
[10:09] {tomg} still got some drys vad
[10:09] {Threei}  from 9 break tom?
[10:09] {Threei}  or from earlier?
[10:09] {tomg} y
[10:09] {Threei}  ok
[10:09] {Threei}  let's manage it
[10:09] {Threei}  half out here, and leave it alone
[10:09] {tomg} k
[10:09] {Threei}  stop under 9
[10:10] {Threei}  let it trade
[10:10] {Threei}  look to dump 1/4 more above 9.50
[10:10] {tomg} only 100
[10:10] {Threei}  ah
[10:10] {Threei}  then decide how important this profit is for you
[10:11] {magoo} where should i reenter}?
[10:11] {magoo} dont wanna miss the party
[10:11] {tomg} will keep stop at 9
[10:11] {Threei}  if it is, look to exit on the next spike... if not very much, keep stop under 9 and put it for sale at 9.95
[10:12] {magoo} u ignoring me lol
[10:12] {Threei}  then close your eyes and pray
[10:12] {tomg} :)
[10:12] {Threei}  of course I am mags...
[10:12] {Threei}  well
[10:12] {magoo} that does it....................
[10:12] {Threei}  9.30 break is next obvious trigger
[10:12] {Geo} return his statute magoo
[10:12] {Threei}  but you know how risk increases with each next break
[10:12] {magoo} rather catch pullbk
[10:13] {Threei}  if it stages serious pullback, it will a matter of separate read, can't get a feel of it now
[10:13] {Threei}  sometimes it's more or less readeable so I can say look for pullback to this or that level
[10:13] {Geo} mrvl sheesh
[10:13] {Threei}  not so much now
[10:18] {tomg} out .23
[10:18] {_elepet} i got in mrvl @ 6.14. let it run? or out?
[10:18] {ese} see you all tomorow....early day today.
[10:18] {tomg} take care ese
[10:18] {ese} see ya tom
[10:18] {Chaeron} bye ese
[10:18] {magoo} ESSSSSSSSS wait
[10:18] {ese} CHHH
[10:18] {Chaeron} :)
[10:18] {Threei}  I would take profit elepet, I don't like how it jumps suddenly against long position
[10:19] {Threei}  take care ese
[10:20] {Threei}  RIMM
[10:20] {_elepet} out at 6.33
[10:20] {Threei}  wtg
[10:20] {Threei}  small shares long on pullback idea on RIMM
[10:21] {Threei}  .20 seems to be it but make sure market resumes
[10:22] {Threei}  if goes up from here, will let it go
[10:22] {magoo} aapl dishes out huge slice of scalpers regrett
[10:22] {Threei}  no slightest reluctance about showering bancks with trillions
[10:22] {Threei}  but so reluctant about 15B for big 3
[10:23] {Threei}  DRYS is geting ready it seems
[10:24] {Geo} i took rinn 38
[10:24] {Threei}  wtg
[10:24] {Geo} NQ was rising
[10:24] {Threei}  I missed it
[10:24] {Geo} i figured now or never
[10:25] {Geo} cut most of it... in 200 only now
[10:25] {Geo} trgaet below day high
[10:26] {Geo} out
[10:26] {Threei}  I am very tempted to ask what trgaet is but sense the slap coming
[10:26] {Geo} sheesh\
[10:26] {Threei}  congratulations anyway
[10:26] {Threei}  nice trade
[10:27] {Geo} ty... got agressive based on NQ behaviour
[10:29] {patience} out G (goldcorp ) + $1.25
[10:29] {Geo} nice 
[10:29] {Threei}  you trading it on canadian side?
[10:29] {patience} y
[10:29] {Threei}  k... US symbol is GG, so I figured it out :)
[10:31] {Threei}  okay DRYS
[10:31] {Threei}  go already
[10:32] {Threei}  offering 1/4 at .55
[10:34] {magoo} waiting .63
[10:34] {Geo} EGLE
[10:34] {Geo} shallow pullbacks
[10:34] {magoo} will cut it quick tho
[10:34] {Threei}  out 1/4 +.54
[10:34] {tomg} in .30 out .54
[10:35] {Threei}  offering last portion at 9.95
[10:35] {Threei}  stop under 9
[10:37] {magoo} partialed .63
[10:37] {patience} out HGU (Gold etf) +.53   2k
[10:37] {Threei}  wow
[10:37] {Threei}  nice
[10:37] {patience} i'm cashing out some stuff
[10:37] {dino} gj
[10:38] {patience} how you doing dino
[10:38] {magoo} i guerss u are lol
[10:38] {magoo} out remaing .73
[10:38] {magoo} TY vad
[10:38] {Threei}  welcome sir
[10:38] {Threei}  I am firm in my determination to get 9.95
[10:38] {Geo} missed drys for some reason
[10:39] {Geo} ahh was nursing mrvl
[10:39] {dino} sitting it out, cannot grasp this action
[10:39] {dino} thionking of some short swings
[10:39] {patience} me neither, which is why i'm raising cash
[10:39] {Geo} hehehe
[10:39] {Geo} nice way to raise cash
[10:40] {patience} got bills to pay geo   :)
[10:40] {dino} not making sense to me
[10:40] {Geo} tell me about it
[10:40] {Geo} wife bought a bed room set
[10:40] {hawkfan4} with u on that dino
[10:40] {Geo} i day trade early morning.... office day and assemble furniture at night
[10:40] {Geo} lol
[10:40] {dino} lol
[10:41] {tomg} aapl off 102 magoo?
[10:41] {Threei}  I wanted to ask whether you get paid for furniture assembling... then decided aganst it lest I invite undesired and x-rated responses
[10:41] {Geo} funny you ask
[10:41] {Threei}  I don't
[10:41] {Geo} i made her test the assmbled bed
[10:42] {Threei}  there
[10:42] {Geo} what?
[10:42] {Threei}  and I haven't even asked
[10:42] {Geo} you thinking diffrent from me?
[10:42] {Geo} :)
[10:42] {peterg} ok ok thought police are pulling up
[10:42] {Threei}  lol
[10:42] {Geo} what doe you think of MEOH vad?
[10:42] {Geo} and EGLE
[10:42] {Threei}  I? think?
[10:42] {Threei}  you flatter me
[10:42] {magoo} [10:22] {magoo} aapl dishes out huge slice of scalpers regrett
[10:43] {Geo} i changed subject due to thought police
[10:43] {Threei}  EGLE is DRYS sympathy
[10:43] {peterg} magoo speaks from the future
[10:43] {Geo} ok
[10:44] {magoo} tom risky aapl
[10:44] {magoo} could crash
[10:44] {Threei}  - Senate Minority Leader McConnell (R) comments that the bill is 'deeply flawed'{GM F}
[10:45] {peterg} what bill/policy isn't?
[10:45] {Threei}  lol, no kidding
[10:45] {peterg} problem with thinking; it is always wrong
[10:45] {peterg} partial, incomplete
[10:45] {Threei}  as if their other economic policies and decisions were sooo perfect
[10:45] {peterg} right
[10:45] {Threei}  also, one thing I don't get
[10:46] {Threei}  what kind of delusions is that to seel big 3 viability within a few months?
[10:46] {peterg} psychotic?
[10:46] {Threei}  they are not viable unless consumers market reverses, period
[10:46] {Threei}  any loan, bailout etc made now will not change that
[10:47] {Threei}  they WILL be back for more money unless buyers start buying
[10:47] {peterg} keep jobs for now plan
[10:48] {Threei}  come my .95
[10:48] {Threei}  just one more push
[10:48] {Threei}  yesssss
[10:48] {Threei}  out +.94 last poretion
[10:49] {peterg} very nice master vad
[10:49] {Threei}  thank you kind sir
[10:49] {magoo} nice
[10:49] {Geo} i think poretion is from the same school as tearget
[10:49] {Threei}  ok lisa... did I deliver, for all those troubles you went into, to flatter things impossible to flatter with straight face?? :)
[10:49] {Chaeron} thanks vad... took +$0.71 on DRYS
[10:50] {Threei}  wtg chaeron
06[10:50] * magoo slaps Chaeron around a bit with a large roll of cash
[10:50] {Threei}  and you do remember my alert a few weeks ago that we are slowly coming into period of longer holds
[10:50] {Chaeron} thanks mags, 3i
[10:50] {patience} out Barrick april options +.50
[10:50] {magoo} dont jinx it boss lol
[10:50] {patience} want to move to farther dated options for gold stocks
[10:51] {Threei}  [09:50] {magoo} has 9 writen all over it
[10:51] {Threei}  [09:50] {Threei} 9?
[10:51] {Threei}  [09:50] {Threei} I disagree
[10:51] {Threei}  [09:50] {Threei} 10
[10:51] {patience} and just to keep me humble, i am still holding my silver wheaten dec options wihch are worth 1 cent
[10:52] {tomg} you out drys vad?
[10:52] {tomg} you out drys vad?
[10:52] {Threei}  10:48] {Threei} yesssss
[10:52] {Threei}  [10:48] {Threei} out +.94 last poretion
[10:52] {tomg} scroll bar was up, sorry.........wtg
[10:52] {magoo} needs to breathe./.careful drys
[10:52] {tomg} ty magoo, 
[10:53] {magoo} couyld easily visit 9.50
[10:54] {Threei}  ok, this is something between sad and pathetic:
[10:54] {tomg} missed last 8 minutes because of scroll bar
[10:55] {magoo} sounds like magoo hoping in a bad trade lol
[10:55] {Threei}  this is exactly what it is
[10:55] {Geo} lol
[10:55] {magoo} uh..aapl will hit 140 feeling real healthy
[10:55] {Threei}  hate to see great man diminishing to this
[10:56] {magoo} hes being gutted
[10:56] {Threei}  DRYS probably goes higher but I am not taking it anymore here
[10:56] {magoo} now question is....11 next? its trading like HIG the other day
[10:57] {Threei}  as far as I am concerned, readeable part of the move is over, what happens from here and higher is insanity
[10:57] {magoo} drys today and HIG the other day remind me of years gone by when triggers propelled stox up eh vad
[10:57] {Threei}  not that insanity is untradeable...
[10:57] {Threei}  yup
[10:58] {Threei}  that was what I meant with that alert
[10:58] {Threei}  about big moves coming our way and scalping being partially replaced with, umm, daytrading version of buy and hold
[10:59] {Chaeron} wow I feel like I scalped dRYS.. heh
[10:59] {Threei}  lol
[10:59] {patience} which is my style vad
[10:59] {Threei}  this part of the move over 10 is unhinged
[10:59] {Threei}  don't care for it
[11:00] {Threei}  it eeds to pull back to become a stock totrade again
[11:00] {magoo} we p[ull up my comment about rally?
[11:00] {Threei}  or stall for a while, digest resiastance, consolidate
[11:00] {Threei}  made when mags?
[11:00] {magoo} today
[11:00] {Threei}  if today, just scroll up to find it
[11:01] {magoo} i thought we could f4 it or something
[11:01] {Threei}  ah
[11:01] {Threei}  ctrl - F
[11:01] {hawkfan4} [08:21] {magoo} but, most expect pullbk, so mkt may go 700 points
[11:01] {Chaeron} sheesh
[11:02] {magoo} [10:08] {magoo} weird mkt here..down 125 but feels like rally
[11:03] {wishbone} how do you cut and paste in mIRC ? anyone
[11:04] {Chaeron} wishbone... just scroll over stuff you want, then it CTL+V
[11:04] {wishbone} ty chaeron
[11:05] {Threei}  how about that, DRYS
[11:05] {peterg} bubble burst
[11:05] {Threei}  this is what happens when run overextends itself
[11:07] {magoo} i wouldnt call it bubble burst just say "heavy breather"
[11:07] {magoo} it loses 9 bubble burst
[11:08] {peterg} ok
[11:16] {magoo} massive room dump
[11:16] {Geo} back
[11:16] {patience} yup
[11:16] {magoo} u cause it patience lol
[11:16] {patience} yup, thought dino needed a break, market will go down now
[11:16] {peterg} back
[11:16] {dino}  put a little on patience
[11:16] {patience} hmm?
[11:16] {dino} shorts
[11:16] {patience} i don't do well shorting
[11:16] {patience} you consistantly can read it
[11:16] {dino} not posting, because i've been off last two days, don't want followers
[11:16] {dino} don't want to hurt
[11:16] {peterg} dino nice, not like mkt, which wants to hurt
[11:16] {dino} just ""noedge""
[11:16] {peterg} yes, but rbr day you returned from SC!
[11:16] {dino} yes, oct was good month
[11:16] {dino} nov dec. confusing
[11:17] {Threei}  server chocked
[11:17] {Threei}  hamsters need food
[11:23] {patience} glad i dumped stuff, heading out for a run
[11:24] {Onix} you run in the snow?
[11:24] {Threei}  lol
[11:24] {Threei}  what snow
[11:25] {Onix} i thought patience lives in Manitoba?
[11:26] {Threei}  she shivers whenjust hears that word
[11:27] {Onix} me too
[11:27] {dino} snowed last night here
[11:27] {Geo} thinking of driving palm springs for snow
[11:28] {dino} i'll mail you some, lol
[11:28] {Geo} hehehe
[11:28] {Geo}
[11:28] {dino} in a bottle, you just have to re-freeze it
[11:28] {Geo} ahhh
[11:31] {magoo} [11:10] {magoo} it loses 9 bubble burst
[11:35] {Geo} .
[11:36] {tomg} ..
[11:36] {tomg} raise you one geo :)
[11:36] {Threei}  lol
[11:36] {Geo} :)
[11:39] {Geo} bonds spiked HARD
[11:41] {Geo} gave a 2 min warning on candles according to my chart
[11:42] {dino} grrr thought we'd lose it there
[11:46] {Geo} what do you think vad?
[11:46] {Geo}
[11:47] {magoo} be back in a half
[11:50] {Threei}  yes
[11:51] {Geo} drys looking good again?
[11:51] {Threei}  no read here
[11:51] {Threei}  50/50
[11:51] {Geo} ok ty
[11:52] {Geo} oil spike
[11:52] {Geo} sorry... heheh gold
[12:13] {Threei}  yawn ©
[12:13] {peterg} is that a trade marked yawn?
[12:13] {Threei}  yes sir
[12:13] {Threei}  copyrighted
[12:14] {peterg} can I yawn anymore?
[12:14] {peterg} w/o crediting or paying you?
[12:14] {Threei}  you'd have to license it from me
[12:14] {peterg} man, you clever
[12:15] {_elepet} oh haven't all died and gone to heaven.
[12:15] {peterg} soon, but not yet
[12:15] {Threei}  that's in our plans though
[12:15] {peterg} I thought traders went the other way
[12:16] {Threei}  btw, here is trademarked one: yawn®
[12:17] {peterg} I cant find copyright symbol on keyboard
[12:17] {Threei}  only bad traders peter... it's an unforgivable sin to lose money
[12:17] {peterg} lol
[12:17] {peterg} yes
[12:17] {Threei}  alt - 0169
[12:20] {Geo} we on break?
[12:20] {peterg} alt- brings up window, dont see copyright
[12:20] {Geo} ill run a quick errand
[12:21] {peterg} me too, but i want to copyright all the words in the language for licensing purposes
[12:21] {peterg} beat vad at his game
[12:21] {Geo} i thought canada paid UK licensing for using english
[12:21] {Threei}  not showing you how to do it then peter
[12:22] {peterg} canada pays queens rep 150 large to close parliament
[12:22] {peterg} ok ill leave somje words for you vad
[12:22] {wishbone} [09:22] {peterg} canada pays queens rep 150 large to close 
[12:22] {wishbone}   parliament
[12:22] {peterg} thks wishbn
[12:23] {peterg} please vad
[12:23] {wishbone} oops didn't mean to do that...playing w/ cut paste
[12:23] {peterg} sokd
[12:23] {peterg} okl
[12:23] {peterg} ok
[12:24] {Threei}  when mirc window is active, depress and hold alt,
[12:25] {Threei}  on numeric keypad hit consequently 0169,
[12:25] {Threei}  let alt go
[12:25] {Threei}  © appears
[12:25] {Threei}  to get ®, do the same with numbers 0174
[12:26] {peterg} numeric key pad not same as numbers on top of laptop, eh?
[12:26] {Geo} nope
[12:28] {peterg} ©!!
[12:28] {KSystems} ®?
[12:28] {Geo} lol
[12:28] {peterg} tks vad; you get a piece of the action
[12:29] {Threei}  cool
06[12:29] * Geo slaps peterg around a bit with a large alt symbol basket
06[12:30] * peterg slaps Geo around a bit with a large a medium-sized Num Lk key plus laptop
[12:30] {Geo} lol
[12:30] {peterg} ok
[12:30] {peterg} going for lunch, then I want some solid trades
[12:30] {Geo} in vads room everything is a large
[12:30] {peterg} got it
[12:32] {KSystems} Here is a table of all symbols available ;)
[12:32] {wishbone} [09:22] {peterg} canada pays queens rep 150 large to close 
[12:32] {wishbone}   parliament
[12:33] {wishbone} oops.
[12:33] {Threei}  lol
[12:33] {Threei}  wishbone... you may want to restrain your copy/paste ambitions
[12:35] {wishbone} lol.....bare w/ me tried to copy ks' URl and last cut appeared here.....?
[12:36] {Threei}  just highlight the line or words you want to copy, switch to where you want to paste and use right click-paste or Ctrl-V
[12:46] {patience} server must have heartburn vad and is burping
[12:46] {peterg} back
[12:46] {magoo} bsck
[12:46] {peterg} cut & paste---how highlight?
[12:46] {Threei}  sigh
[12:46] {peterg} just want to have some fun
[12:46] {Threei}  just drag cursor over what you want to highlight and let mousde button go
[12:46] {Threei}  highlight disappears, no need for right click
[12:47] {Threei}  highlighting itself puts the text in the buffer
[12:47] {peterg} just drag cursor over what you want to highlight and let mousde button go
[12:47] {KSystems} Surprise
[12:47] {peterg} hey-- i like it
[12:47] {Threei}  sorry guys, I tried to kick magoo just for the sheer fun of it, and overdid it
[12:47] {peterg} wow yellow and red
[12:47] {Geo} now  that i like
[12:48] {Geo} we have a mirc guru here
[12:48] {KSystems} This room is probably filled with the oldest 13yr olds I know :D
[12:48] {Threei}  KS, just don't teach anyone colora
[12:48] {Threei}  colors
[12:48] {peterg}  Surprise
[12:48] {peterg} no color
[12:48] {Threei}  burned retinas, you know
[12:48] {peterg} spies will get it out of him
[12:49] {Geo} more than that only vad is colored.... so easy to take calls
[12:49] {Threei}  no, on this I am not kidding (rare case, I know)
[12:49] {Threei}  just want calls to stand out
[12:49] {Geo} exactly
[12:49] {KSystems} oh ok
[12:50] {Geo} i have vad as blue with sound
[12:50] {Geo} so i only turn head if i hear it
[12:50] {Threei}  with accent?
[12:50] {Geo} of course
[12:50] {Threei}  good
06[12:50] * Threei is now known as real headturner
[12:51] {wishbone} geo how do you add sound?
[12:52] {Geo} files options irc highlight
[12:52] {Geo} i highlight vads id and add sound to it
[12:52] {peterg} üüüümlaut
[12:53] {Threei}  oh, btw... I take sever umbrage in 12:48] {KSystems} This room is probably filled with the oldest 13yr olds I know
[12:53] {Threei}  my sense of humor is frozen at the level of 11 years old
[12:53] {KSystems} i must apologize, then
[12:54] {wishbone} ty geo:)
[12:54] {peterg} no apology necessary ; good diagnosis
[12:54] {Threei}  indeed
[12:54] {Geo} i am here to trade and watch prn
[12:54] {Threei}  and you are out of good trades?
[12:54] {lisa_jay} Thanks Geo.
[12:54] {wishbone} lol
[12:55] {Geo} so second option it is
[12:55] {Geo} what a choppy inside day
[12:55] {Geo} i like trading extremes
[12:55] {Threei}  lisa... you must have missed my question after DRYS trade completion
[12:56] {Threei}  [10:49] {Threei} ok lisa... did I deliver, for all those troubles you went into, to flatter things impossible to flatter with straight face?? :)
[12:56] {lisa_jay} :-)  Yes.
[12:56] {Geo} man what a hunter of comliments
[12:56] {Geo} outdid me
[12:56] {Threei}  I am just more deserving geo {G}
[12:57] {Threei}  and more humble
[12:57] {Geo} vad has a sore back
[12:57] {Geo} all the patting is killing him
[12:57] {Threei}  no, back is fine, but dislocated shoulder is a constant problem
[12:57] {Geo} hehehe
[12:57] {Threei}  try to reach your own back to pat it...
[12:57] {Geo} good day vad...
[12:57] {Geo} I am sitting a 2 X.... in profit protection mode now
[12:58] {Threei}  4 x here
[12:58] {Geo} AND your X is what 4 times mine?
[12:59] {Threei}  I'll protect that information till last drop of my blood
[12:59] {Geo} ah comeone
[12:59] {Geo} you have snapshots in your books
[12:59] {Threei}  not for my personal account
[12:59] {Geo} the brockerage letter?
[12:59] {Threei}  those parts are blacked out
[13:00] {peterg} 2X, 4X ?? number of times stake doubled?
[13:00] {peterg} what?
[13:00] {Geo} no
[13:00] {Geo} X is daily expectation i guess
[13:00] {Threei}  first one was what, 10 years ago?
[13:00] {Threei}  and second is % only, no $
[13:00] {Geo} i know vad... just trying to get a feel
[13:00] {Geo} dont want too many details :)
[13:00] {peterg} If I expect 2 per cent gain, and make four, then I have 2X
[13:01] {Geo} good to know pacesetters
[13:01] {Geo} yes
[13:01] {Geo} peterg
[13:01] {peterg} tks
[13:01] {Threei}  not the way I use it peter
[13:01] {Threei}  I use $, not % for setting daily goals
[13:01] {Geo} same here
[13:01] {magoo} as my dear ole friend ross perot said "if u take a penny and double it...u be up 100% " lol
[13:01] {Threei}  eqzaktly
[13:02] {Geo} i have a small goal just cuz i am conparitively new.. and need the confidence lol
[13:02] {KSystems} How long have you been trading Geo?
[13:02] {Geo} less than 6 months seriously
[13:02] {Geo} less than a year overall
[13:02] {KSystems} ic
[13:02] {peterg} we are in the same class, geo
[13:03] {peterg} I started in May
[13:03] {Geo} ok some movement on the downside
[13:05] {peterg} must have chocolate
[13:10] {Geo} mmmm chocolate
[13:12] {dino} four week t-bills yield=0.00
[13:12] {dino} yesterday 3 mo. t-bill 0.005%
[13:13] {dino} bubble in the making in bonds
[13:18] {peterg} ok back from walgreens with midnight  dark chocolate milky way bar
[13:18] {peterg} used to pay 25c; now 96c w tax
[13:18] {peterg} heck, probly a nickel in fifties when I lived in chicago
[13:18] {peterg} tip o the hat to hawk
[13:20] {hawkfan4} :)
[13:21] {dino} dji lod approaches
[13:23] {patience} thought we would have a harder pullback
[13:24] {magoo} are we in anything vad?
[13:24] {Threei}  in coma
[13:25] {peterg} RIMM?
[13:25] {peterg} just dropped
[13:26] {Threei}  feels crapshoot peter...
[13:26] {Threei}  just no confident read
[13:26] {Threei}  don't want to squander profits on boredom trades
[13:26] {peterg} agreed
[13:27] {dino} feels like a whoosh down coming
[13:32] {patience} New Dehli 70 year old woman gives birth to first child...husband is 72
[13:33] {Geo} wot????
[13:33] {Geo} its not like they need more population
[13:33] {patience} 55 years of marriage, they wanted a child
[13:34] {Geo} selfish to die with childs in tweens
[13:34] {patience} if that long
[13:34] {dino} thats risking it
[13:36] {magoo} vad we in anything?
[13:36] {Threei}  in coma
[13:39] {Threei}  don't jump on mediocre trades mags
[13:39] {Threei}  let's wait for something more defined
[13:40] {magoo} huh?
[13:40] {Threei}  just trying to moderate your impatient desire to trade trade trade...
[13:42] {magoo} whatchatalkinboputwillis?
[13:43] {peterg} boputwillis
[13:43] {peterg} putwillis and callwillis
[13:57] {peterg} ok back in hr©
[14:06] {dino}  [13:28] {dino} feels like a whoosh down coming
[14:06] {hawkfan4} nice one dino
[14:07] {dino} gut
[14:07] {dino} finally in black, a.m. is killing me lately
[14:08] {dino} i should simply sleep in
[14:08] {hawkfan4} i've been making myself go do something around the house at the open, laundry, dishes.  keeps me out of trouble in the first few minutes
[14:09] {dino} good idea, maybe i should extend my morning walk
[14:09] {magoo} u guys nuts, vad and i make 90% in morning
[14:10] {dino} maybe i should trade vad in morning
[14:10] {Threei}  first trade today was at 9:31
[14:10] {Threei}  [09:31] {Threei} Long Setup: DRYS half lot 8 break if holding above 7.80
[14:10] {hawkfan4} me too, but right off the open i get whipped around.  i will take vad's tho.  ez button
[14:11] {Threei}  just diff styles... last couple weeks my morning ones work at around 80%
[14:11] {Threei}  especially those that trade a lot before open and form nice setup, so opening just triggers it
[14:12] {Threei}  but now that you all pile up, it will reverse of course {G}
[14:12] {hawkfan4} i do trade the premarket alot, then take a quick break
[14:13] {Threei}  I do too, not a lot though... but much more than say couple months ago
[14:13] {Threei}  and try to keep myself to half lot
[14:14] {Threei}  Dow - 240?
[14:14] {hawkfan4} yessir
[14:14] {Threei}  weird day
[14:14] {Threei}  or, for peter: wierd
[14:14] {Threei}  I mean, DOW spent practically all day in the red, just briefly flashed green,
[14:15] {Threei}  but for a good few hours felt like total bull market, lol
[14:15] {dino} need about 60 pts down, gap 8635
[14:15] {Threei}  just shows you how different day trader's world is
[14:16] {dino} yes
[14:16] {Threei}  normal citizen (aka comrade) comes home, opens paper, says "red day again, -100"
[14:16] {Threei}  day trader says "opened doewn 500, rallied 400, total bullish action"
[14:17] {wishbone} hmmm
[14:19] {dino} exhausting lately
[14:20] {Threei}  I start feeling funny about posting trading logs with those little blue blurbs
[14:20] {Threei}  every frking day for I don't know how long those forewords show winning days
[14:20] {Threei}  for a side observer must feel like fudged results, lol
[14:21] {Geo} mmmmmmm fudge
[14:21] {Chaeron} Christmas fudge is the best
[14:22] {hawkfan4} lol
[14:22] {Threei}  I guess I need to start apologizing for making money
06[14:23] * Geo slaps Threei around a bit with a large repent now DVD
[14:23] {Threei}  sorry dear reader but we are profitable for the day again
[14:23] {Chaeron} that's too politically correct
[14:23] {Geo} youre ok vad
[14:23] {dino} new low dji
[14:23] {Geo} we only buy pullbacks going long
[14:24] {Geo} so we are all patriots
[14:24] {Threei}  yup
[14:26] {Threei}  watching how DRYS takes market selling
[14:26] {Threei}  so far I like its resilience
[14:26] {magoo} man..2-2;30 crash
[14:26] {Threei}  market is almost at the opening price
[14:26] {Threei}  DRYS is nowhere even close
[14:27] {Threei}  worth a try for a scalp when market bounces
[14:29] {Threei}  getting ready
[14:29] {Geo} shorted drys 9.25
[14:29] {Geo} out
[14:29] {Threei}  wtg
[14:29] {lisa_jay} nice
[14:30] {hawkfan4} nice geo
[14:30] {Geo} for reasoning refer the chart posted.... by me
[14:30] {Geo} crazy ZB spike to HOD
[14:31] {Threei}  .86 - 9.01... too fast
[14:31] {dino} gj
[14:31] {Geo} pushd Qs down
[14:31] {Geo} how about that made money going down and going up 
[14:31] {Threei}  you need to find Laseer's analog for ZB geo
[14:31] {Geo} not suing laser... as i have the same affliction as dino
[14:32] {Geo} need my stops thrown out for me
[14:32] {Threei}  sheesh
[14:32] {Geo} lets ask laserdave
[14:32] {Threei}  I mean find us symbol to watch
[14:32] {Geo} i dont subscribe to futures data in laser
[14:32] {Threei}  what is exact ame for ZB?
[14:33] {Geo} 30 year bond
[14:33] {Geo} i am using march 09
[14:33] {Geo} anyone interested ill post chart... just takes me a while
[14:33] {Threei}  UAUA big dump
[14:36] {Geo} ZB is the globex symbol vad on CME
[14:36] {Threei}  I have CME feed
[14:36] {Threei}  I just don't know laser's symbol
[14:36] {Threei}  trying to watertorture dave
[14:36] {Threei}  but he avoids me
[14:36] {Threei}  (and who could blame him)
[14:36] {Geo} during the torture?
[14:37] {Geo} thats just rude
[14:37] {Threei}  indeed
[14:37] {Threei}  he just makes me to add electroshock...
[14:39] {Geo} .
[14:39] {magoo} drys man-0-man
[14:40] {Threei}  9 break, smaller shares
[14:40] {Threei}  stop under .80
[14:41] {Geo} in
[14:41] {Threei}  should spike to about .25 - .30
[14:42] {magoo} any q read?
[14:42] {Threei}  not really
[14:43] {Threei}  - Notes that Congress may need to work through the weekend on a vote, still expects aid to automakers{GM F}
[14:44] {Threei}  grrr
[14:44] {Threei}  told ya it was turning into the same saga as that bailout hearing
[14:44] {Threei}  with conflicting messages every couple hoirs
[14:44] {magoo} do they do that on purpose..all the grandestanding
[14:45] {cosmo} yes
[14:46] {cosmo} it coreagraphed
[14:47] {cosmo} its
[14:48] {Threei}  target
[14:48] {Geo} oput
[14:48] {Geo} ty vad
[14:48] {Threei}  welcome
[14:50] {Threei}  lol, DRYS is paying so many bills today
[14:50] {_elepet} i just woke up from a nap. anyone in drys?
[14:50] {Threei}  just exited
[14:50] {magoo} i am but from 9
[14:50] {Threei}  mortgage, car lease, heating, food
[14:50] {Threei}  tv
[14:51] {_elepet} i got in at .09
[14:51] {magoo} huh vad}/
[14:51] {Threei}  no wonder industry is doing poorly
[14:51] {Threei}  try to do your own work AND pay all our bills
[14:52] {magoo} im waiting .47
[14:52] {Threei}  elepet... why so much chasing
[14:52] {Threei}  9 break was call, 9.09 seems a bit too high
[14:53] {magoo} out
[14:53] {magoo} ty boss 
[14:53] {Threei}  welcome
[14:56] {peterg} back; reviewed log, appreciate honorable mention by vad
[14:56] {peterg} see you are mking more $$
[14:56] {peterg} good
[14:58] {Threei}  :)
[14:58] {Threei}  elepet, you out yet??
[14:59] {Threei}  peter, I have to say you confused me beyond imagination
[14:59] {Threei}  (not that it's very hard)
[15:00] {peterg} I improved your spelling; you improved my trading
[15:00] {peterg} simple
[15:00] {Threei}  but now a lot op words present difficulty for me
[15:00] {peterg} such is nature of learning process
[15:00] {Threei}  field? brief?
[15:00] {peterg} hahahhahaah
[15:00] {peterg} both right
[15:00] {peterg} good instinct
[15:00] {Threei}  grief?
[15:00] {peterg} you're getting it
[15:00] {Threei}  yeah, but why weird?? :)
[15:01] {peterg} i am learning french makes my head hurt
[15:01] {peterg} the w is the key, i think
[15:01] {peterg} or origin of word from ancient runic
[15:01] {Threei}  wield?
[15:01] {peterg} or was it tunic
[15:01] {peterg}  yes
[15:01] {peterg} weild
[15:01] {peterg} doesnt work
[15:01] {Threei}  wiener?
[15:02] {peterg} omigod you are thorough student
[15:02] {peterg} I proud
[15:02] {Threei}  {--- deeply and forever confused and bedazzled
[15:02] {peterg} but learning more and more
[15:02] {Threei}  while wishing to know less and less
[15:03] {peterg} yesss
[15:03] {Threei}  also... consider this:
[15:03] {Threei}  you wanted to improve your trading
[15:03] {Threei}  I never wanted to improve my spelling... just opposite
[15:03] {Threei}  life isn't fair
[15:04] {peterg} thats why you could consider me a meanie
[15:04] {Threei}  I consider everyone a meanie
[15:04] {Threei}  people say that's because I am one
[15:04] {peterg} ok then
[15:04] {Threei}  you should have see how this 6 years old looked at me couple days ago
[15:05] {Threei}  what a mean grumpy angry guy
[15:05] {cosmo} it runs in my family too
[15:05] {Threei}  you understand then cosmo...
[15:05] {cosmo} absolutely
[15:07] {cosmo} chip on my shoulder from a three generations ago
[15:08] {cosmo} -a
06[15:13] * magoo slaps Threei around a bit with a large russo wolverine fur hat
[15:14] {Threei}  wow
[15:14] {dptl} have a good evening all
[15:15] {Threei}  that's inventive
[15:15] {Threei}  take care dp
[15:15] {Threei}  see mags
[15:15] {Threei}  you scared dp with your creativity
[15:15] {dptl} lol
[15:15] {magoo} dp WAITTTTTTTT
[15:15] {dptl} no
06[15:15] * magoo slaps dptl around a bit with a large skerdy cat fur cap
[15:15] {dptl} :)
[15:16] {peterg} peterg doesn't slap anyone around with a ratty old rabbit hat
[15:22] {peterg} and why don't I?
[15:22] {peterg} Because I am so nice!
[15:25] {Threei}  ah
06[15:27] * magoo slaps laserdave1 around a bit with a large deck of plaboy bunny playing cards
[15:30] {peterg} ©?
[15:34] {patience} vad, any gut feel for  where the market is going from here?
[15:35] {Threei}  today?
[15:35] {Threei}  or overall?
[15:35] {patience} today, overall, 
[15:35] {patience} tomorrow
[15:35] {Threei}  today, down
[15:35] {patience} sure didn't go down as much as i thought it would
[15:35] {Threei}  tomorrow, depending on how this GM/F thing develops
[15:36] {magoo} dino is resident gut forecaster
[15:36] {patience} ok, thanks, i'll just stay out for now
[15:36] {patience} dino, what does your gut think
[15:38] {dino}  3:40 bounce
[15:38] {Threei}  arguing with dino's gut is a losing proposition
[15:38] {Threei}  but mine says not today
[15:39] {dino} maybe gap fill 1st
[15:41] {dino} bounce it was
[15:42] {peterg} Vad, Weekley's Etymological Dictionary of Modern English suggests that weird comes from ancient saxon, wyrd, from weorthan, and relate3s to ancient norwean, urthr, fate
[15:42] {peterg} Chaucer: the wirdes that we clepen destinee
[15:42] {patience} peter, what are you smoking?
[15:42] {magoo} huh??
[15:42] {Threei}  guess how many words in that explanation is above what I want to know
[15:42] {peterg} couldnt resist, sorryy
[15:43] {Threei}  :)
[15:43] {peterg} Patience, I wish for the olde days when I smoked more
[15:43] {Threei}  after 40 I found out I prfefer to unlearn things more than I want to learn them
[15:43] {magoo} my wife gave me sucrets this morn..exp date 2005...sigh
[15:43] {peterg} learn or die
[15:43] {peterg} and eventually die anyway
[15:44] {peterg} my wife always gives me stale medicines
[15:44] {peterg} am i missing something?
[15:45] {Threei}  no, rather gaining interesting experience
[15:46] {dino} ok, now gap fill dji at 8635 area
[15:46] {peterg} true
[15:46] {dino} hmmm, maybe 8651 was close enough
[15:55] {wishbone} good nite all
[15:55] {Threei}  take care wish
[15:55] {hawkfan4} ditto, have a good one all
[15:56] {Threei}  hawk :)
[15:56] {Threei}  ok guys
[15:56] {Threei}  thank you all
[15:56] {Threei}  another beautoful trading day... I am ashamed
[15:56] {Threei}  have a good evening, see you tomorrow
[15:56] {Threei}  we have to lose tomorrow
[15:57] {Threei}  or lightning will strike us
[15:57] {magoo} OY
[16:02] {dino} gn all

Monday, December 8, 2008

Dec 08 2008

Fairly nice even though not stellar day. Got the idea of the rally right, but expected more strength. Anyway, profit is profit, and it was had.

Session Time: Mon Dec 08 00:00:00 2008

[07:51] {Threei}  GM
[07:51] {Threei}  - Firm is not being particular on where funds come from
[07:51] {Threei}  - In absence of auto-bailout, everyone in market will be in trouble{F}
[08:49] {tomg} good morning
[08:49] {Threei}  tom :)
[08:50] {dawg} gm all
[08:50] {Threei}  dawg :)
[08:54] {Threei}  how about that HIG
[08:59] {dptl} good morning all
[08:59] {Threei}  dp :)
[08:59] {peterg} hola!
[09:00] {Threei}  peter :)
[09:00] {Threei}  stocks of interest:
[09:00] {Threei}  HIG
[09:00] {Threei}  GM
[09:00] {Threei}  DRYS
[09:00] {Threei}  UAUA
[09:01] {Threei}  CHK
[09:01] {Threei}  GG
[09:02] {KSystems} Good morning!
[09:02] {Threei}  KS :)
[09:07] {Geo} good morning
[09:08] {Threei}  Geo :)
[09:09] {dino} gm all
[09:09] {Threei}  dino :)
[09:10] {lisa_jay} Good morning.
[09:10] {Threei}  lisa :)
[09:12] {KSystems} urk...grabbed the sour milk for the coffee
[09:12] {Threei}  CHK jump
[09:12] {Threei}  told ya... don't put junk into good product - coffee has to be black :)
06[09:13] * KSystems slaps Threei around a bit with a large bucket of hot black espresso
[09:14] {Threei}  my morning starts out right
[09:14] {Threei}  CHK
[09:14] {Threei}  - Well positioned to survive macro environment of low oil prices
[09:14] {Threei}  - Epxects to have $2B in cash by the end of the year
[09:15] {Threei}  I know what the difference is between me and CHK
[09:15] {KSystems} " - Epxects to have $2B in cash by the end of the year"?
[09:15] {Threei}  if I had 2B in cash, I wouldn't even bother to hold conference calls and publishing press releases
[09:18] {Onix} Good morning all
[09:18] {lisa_jay} Hi Onix
[09:18] {Threei}  onix :)
[09:18] {patience} good morning guys
[09:19] {Onix} hi patience
[09:19] {Threei}  patience :)
[09:22] {dino} gap dji at 8828
[09:22] {wishbone} gm all
[09:23] {Threei}  wishbone :)
[09:23] {cosmo} elsr 2.7 pre mkt high ...fwiw
[09:23] {Onix} hi wishbone
[09:24] {wishbone} hello onix
[09:24] {cosmo} eslr
[09:29] {ese} good morning
[09:29] {Threei}  ese :)
[09:29] {Onix} hi ese
[09:31] {Threei}  if DRYS drops sharply into 5.20 area, will be pullback entry
[09:31] {ese} what the news on DRYS Vad
[09:32] {Threei}  [08:47] {Threei} BALTIC DRY BULK INDEX RISES 1.2% , FISRT GAIN SINCE NOV 18
[09:32] {Threei}  UAUA no pullback
[09:33] {Threei}  if moves quickly to around 12-12.10
[09:33] {Threei}  grab it
[09:34] {Threei}  in
[09:34] {Threei}  stop under 11.90
[09:35] {Threei}  DRYS non-stop
[09:36] {Threei}  half out UAUA
[09:37] {Threei}  stop to .94
[09:37] {Threei}  watch DRYS for pullback into 6
[09:38] {ese} definately....
[09:39] {Threei}  6.50 break...
[09:39] {Threei}  risky as hell
[09:41] {dino} sm l amzn .70
[09:41] {Threei}  half out 6.80
[09:42] {Threei}  scalpers are out happily
[09:42] {tomg} ty vad 
[09:42] {Threei}  welcome sir
[09:42] {Threei}  offering second half 7.05
[09:42] {Threei}  greed gets better of me
[09:43] {Threei}  stop under b/e
[09:43] {magoo} morn
[09:43] {Threei}  mags :)
[09:44] {Threei} Long Setup:  CHK  .95 half lot
[09:44] {Threei}  if stays above .80
[09:46] {Threei}  no worky
[09:48] {dino} out amzn .30, +.60
[09:48] {Threei}  nice
[09:49] {dino} ty
[09:49] {Threei}  DRYS out second half
[09:49] {Threei}  watching for possible pullback entry
[09:51] {dino} mcd sm l .02
[09:54] {Threei}  - Notes that Tuesday may be to soon to set vote
[09:54] {Threei}  - Bush administration is waiting to see the wording of congressional bill
[09:55] {dino} mcd stopped -.30-
[09:58] {Threei} Long Setup:  DRYS  .46 if stays above .30
[09:59] {magoo} in
[10:00] {Threei}  CHK
[10:01] {Threei}  come on market bounce time
[10:02] {dino} sm s spy.25
[10:06] {magoo} see..just ask nicely vad
[10:06] {Threei}  you mean I need to renounce violence?
[10:07] {Threei}  half out DRYS
[10:07] {magoo} well..i wouldnt say that
[10:07] {Threei}  scalpers have over 1:1
[10:07] {lisa_jay} Thanks Vad for DRYS...made 21c.
[10:07] {Threei}  :)
[10:07] {peterg} tks, made .14 on 2 entries
[10:08] {wishbone} ty vad drys +.15
[10:08] {Threei}  put your patience and resolve to test when retreatd almost into stop level, eh?
[10:08] {magoo} out .71 TY vad
[10:08] {Threei}  welcome guys
[10:08] {peterg} ye[
[10:08] {peterg} wtg mags
[10:08] {Threei}  double benefit then
[10:08] {magoo} double lot
[10:08] {Threei}  profit AND good training experience
06[10:09] * Threei slaps magoo around a bit with a large position sizing and risk control manual
[10:09] {Geo} i/4 out .81
[10:09] {Threei}  {F GM}
[10:09] {Threei}  me out .80
[10:10] {Geo} sitting 300 for high
[10:10] {Threei}  me wants no another big pullback
[10:10] {Threei}  looks good for you Geo
[10:10] {Threei}  follow your plan
[10:10] {Geo} yea... want up
[10:11] {Threei}  don't let me influence your decision, as long as you control risk well
[10:11] {Chaeron} good morning all... welcome to a new week
[10:11] {Threei}  chaeron :)
[10:11] {Geo} trailing stp
[10:11] {magoo} chaer broil:)
[10:11] {Geo} Ty vad
[10:11] {Threei}  oh, I know why magoo took double lot on that trade
[10:11] {Chaeron} I wasn't here?
[10:11] {Threei}  he did it for chaeron
[10:11] {Chaeron} ohhh thanks :)
[10:11] {Geo} out
[10:12] {Geo} heheh tried
[10:12] {magoo} uh...the first answer  he he
[10:12] {Chaeron} lol
[10:12] {magoo} [10:11] {Chaeron} I wasn't here?
[10:12] {Threei}  it's a valid attempt geo
[10:13] {Threei}  if you took double lot and haven;t partialed any when it ramped up to 1:2, you would get the living daylihght slapped out of you
[10:13] {Geo} no one lot
[10:13] {Threei}  but the way you did it is totally legity
[10:13] {Geo} only tried the trail on 1/4
[10:13] {Threei}  legit
[10:13] {Onix} ty vad, I got 33c in DRYS
[10:13] {Geo} thankd vad.... justy trying to get ready for the bull
[10:14] {Threei}  yup
[10:14] {Threei}  HIG
[10:14] {Threei}  seems to be holding 17
[10:14] {magoo} moving fast vad
[10:19] {Geo} shorted break of HIG 17
[10:20] {peterg} been watchin it
[10:21] {Geo} out second half..
[10:21] {Geo} scratch trade
[10:21] {Threei}  looks like rally prepares to become stunning
[10:21] {Threei}  how about that woridng?
[10:21] {Geo} lol
[10:21] {magoo} might be a 700 plus]
[10:22] {peterg} AMZN?
[10:23] {magoo} any read RIMM vad?
[10:23] {Threei}  DRYS
[10:24] {Threei}  if NASDAQ breaks, 7 break becomes a catalyust for explosion
[10:24] {Threei}  but please, no double lots
[10:24] {magoo} how about hiytting the pullbk
[10:24] {magoo} HIG too vad
[10:24] {Threei}  if NASDAQ jumps over resistance and DRYS gives a little delay, certainly
[10:26] {magoo} i hit HIG here .16
[10:26] {magoo} long
[10:27] {magoo} .96 stop
[10:28] {magoo} no mkt help
[10:28] {Threei} Long Setup:  QQQQ  here
[10:28] {Threei}  with stop under .80
[10:32] {Threei}  even though stop is of a scalping type on this Qs entry, this is just becaiuse of pullback into support entry
[10:32] {Threei}  I am not looking for a scalp on this trade
[10:32] {Threei}  rather trying to catch a big move
[10:32] {Threei}  and fool the nature
[10:33] {Threei}  by having tight stop with big reward
[10:33] {Threei}  - Note: In October predicted that oil would reach the $100/brl level in 2009
[10:34] {Threei}  as far as I can rememer, he did not see oil losing 100
[10:35] {dino} talking his book
[10:35] {dino} i think we hit 38 on fri
[10:39] {Threei}  my Q entry was .86
[10:40] {Threei}  planning to offer 1/3 above 30.10
[10:43] {magoo} nic q call vad
[10:45] {Threei}  out first portion QQQQ +.30
[10:45] {dino} l mcd .90
[10:45] {Threei}  this is frikkin 1:4
[10:46] {magoo} ssssaaaaaaaaawwwwwwweeeeeeeaaaaaaattt
[10:46] {wishbone} frikkin' eh!
[10:46] {Geo} out thanks vad....
[10:46] {Threei}  that's my way to say I am in awe of myself wishbone :)
[10:47] {wishbone} lol
[10:47] {wishbone} i'm in awe too....very humbling! :)
06[10:49] * magoo slaps Threei around a bit with a large a bag of humility lol
[10:49] {Threei}  thanks mags
[10:49] {Threei}  needed that
[10:50] {Threei}  structure this trade accordingly to your risk tolerance and targets guys
[10:50] {Threei}  even for "not a scalp" trade it already worked wonders
[10:50] {Threei}  I am getting seriously greedy here
[10:51] {Threei}  and I don't really care if the remainder of the p;osition gets stopped breakeven
[10:51] {Threei}  if you do, take off 1/3 more
[10:52] {wishbone} q's +.25 ty vad
[10:52] {Threei}  welcome
[10:54] {Threei}  for those who are holding, let me outline your options
[10:54] {Threei}  1. keep breakeven stop for the remainder and let it trade
[10:54] {Threei}  that's my choice at the moment
[10:55] {Threei}  2. trail stop to under 30
[10:56] {magoo} forgot 17.47 on HIG
[10:56] {magoo} + somrething
06[10:56] * Threei slaps magoo around a bit with a large roll of cash
[10:57] {Threei}  SNDK
[10:57] {Threei}  - rumor that Toshiba has been able to raise much of the financing needed for a SNDK bid
[10:57] {Threei}  getting old
[11:09] {magoo} vad, u still in q?
[11:09] {Threei}  yes
[11:09] {Threei}  .85 is my stop
[11:11] {magoo} im considering reentering long is why i ask
[11:12] {dino} sds l .50
[11:12] {dino} sm
[11:19] {dino} sm s afam .48
[11:25] {magoo} vad, i missed premkt..was it an untradeable gapper?
[11:26] {Threei}  what stock magoo?
[11:31] {magoo} just in genral
[11:31] {Threei}  not sure how to answer... it was gapper, and big one, but why untradeable? didn't we find a few good ones?
[11:33] {magoo} no..i meant in premkt..
[11:34] {Threei}  it was steady climb for the most part
[11:34] {Threei}  you know, he type where you don't have actual setups to go from
[11:35] {Threei}  and if you just enter anywhere it may continue climbing or may smack you hard
[11:35] {Chaeron} whoa... 
[11:35] {dino} put me in smack hard camp
[11:36] {Threei}  what the heck just happened?
[11:36] {Chaeron} no se
[11:36] {lisa_jay} yup
[11:36] {dino} i went short
[11:36] {Chaeron} heheheh
[11:37] {dino} big gap to fill
[11:53] {Threei}  if you got bored and don't mind 20-25 cents stop on small shares,
[11:53] {Threei} Long Setup:  GG  small shares .20 break
[11:53] {Threei}  with stop under 24
[11:55] {dino}  stopped sds .53, +1.03
[11:55] {ese} how bout DRYS long
[11:55] {Threei}  quite a contradiction between "stopped" and +1
[11:56] {magoo} really
[11:56] {Threei}  not sure ese
[11:56] {KSystems} dino, are you still in SPY and MCD?
[11:56] {dino} trailed stop and hit
[11:56] {dino} way too tight
[11:56] {Threei}  I know dino... just sounds odd :)
[11:57] {Threei}  "stopped" has negative connotation to it
[11:57] {dino} i am odd
[11:57] {Threei}  while +1 is a good enough reson to get drunk, break couple windows, get arrested and spend all the profits on bail
[11:58] {magoo} in vad
[11:58] {Threei}  GG?
[11:58] {dino} not when your batting 285
[12:00] {magoo} in for drunken rampage..not GG lol
[12:00] {Threei}  ah
[12:00] {dino} just give the companies to the uaw
[12:00] {Threei}  cool
[12:01] {Threei}  yeah dino... I just thought, that will be the end of GM
[12:01] {Threei}  even if it survives current situation
[12:07] {Threei}  HIG selling hard
[12:08] {dino} met sm s .00
[12:15] {ese} L DRYS  .52
[12:18] {Threei}  aimless wandering
[12:18] {Threei}  need something to shape up to give a next clue
[12:19] {dino} ciov met -.25
[12:24] {ese} out DRYS  2 lots  .80 +.28
[12:25] {ese} outta here for the day...see ya tomorow
[12:26] {Threei}  take care ese, nice trade
[12:26] {Threei}  ok
[12:26] {Threei}  Qs
[12:26] {Threei}  30 break worth a try
[12:26] {Threei}  with stop under .90
[12:28] {Threei}  seems slowly gaining traction for rally resumption
[12:35] {dino} gj es
[12:36] {Threei}  {ese} you guys are really slow... I left quite a while ago and can't hear you, nor do I care to
[12:38] {dino} lol
[12:38] {hawkfan4} lol, gj bbass ;)
[12:46] {Threei}  can you believe market's ability to fall into deep coma right in the middle of such hot action?
[12:46] {magoo} no..just like always..frustrate the masses
[12:47] {Threei}  image in front of my eyes:
[12:47] {Threei}  boxers in the ring,
[12:47] {Threei}  exchange punches,
[12:47] {magoo} i like HIG here
[12:47] {Threei}  one of them suddenly lies down and starts snorring,
[12:47] {magoo} in sm .87
[12:47] {Threei}  another one shrugs, waits, loses focus
[12:48] {Threei}  when he turns his back to sleepy one, suddenly massive hit follows
[12:49] {Threei}  now, the only thing we need to find out is, is the one who got his bear or bull
[12:49] {Threei}  his = hit
[12:50] {Threei}  {GM F}
[12:50] {Threei}  good
[12:50] {Threei}  I say Illinois got the right idea
[12:51] {dino} the inmates are running the asylim
[12:52] {Threei}  been that way for a while
[12:52] {dino} asylim
[12:52] {magoo} out hig
[12:52] {magoo} .79
[12:57] {magoo} rinbsed me
[12:57] {magoo} was afraid of that q pullbk
[13:02] {Chaeron} DRYS - nice move
[13:02] {magoo} will GM pop big if announce auto deal today vad? or sell the news
[13:02] {Threei}  hard to tell
[13:03] {Threei}  more and more feels like it's a bear that is going to be killed after the coma is over
[13:04] {dino} ????
[13:05] {magoo} hunter language dino
[13:06] {Threei}  DRYS turns into that non-stop kind of movement
[13:08] {magoo} new low hig
[13:10] {dino} pru l .10
[13:14] {dino} stopped
[13:24] {Threei}  CHK
[13:24] {Threei}  - Comments that the company has no debt maturities for the next 5 years, has no intent to access capital markets within the next 2 years
[13:25] {dino} alto they filed for 25 million share secondary
[13:25] {Threei}  hehe
[13:25] {dino} they
[13:25] {dino}  did, 
[13:25] {Threei}  f
[13:26] {Threei}  nears HOD
[13:26] {Threei}  stronger than GM today for some reason
[13:35] {Geo} back
[13:41] {Threei}  you left?
[13:45] {Geo} only in body
[13:46] {Threei}  lol
[13:46] {Threei}  good one
[13:46] {Threei}  HIG is coming into closing price
[13:47] {magoo} u thinking base
[13:48] {Threei}  feels like close to bounce
[13:48] {Threei}  would love to see it around 14.50
[13:51] {magoo} how about 15 break
[13:51] {Threei}  for scalp only
[13:52] {Threei}  and don't chase
[13:52] {Threei}  market is a bit nervous here
[13:52] {Threei}  DRYS .05 for scalp
[13:52] {Threei}  if holding 7
[13:55] {Threei}  over 1:1
[13:55] {jmb} thanks vad drys
[13:55] {Threei}  welcome
[13:55] {Threei}  easy money
[13:55] {Threei}  big offer at .04 was dead giveaway
[14:14] {magoo} .
[14:15] {patience} thought i was disconnected
[14:15] {magoo} me too :)
[14:16] {Threei}  so
[14:16] {Threei}  what was that?
[14:16] {Threei}  just a bull trap closing?
[14:17] {Threei}  don't see any news
[14:18] {Threei}  DRYS went crazy
[14:20] {magoo} AAPL 100 magnate RISKY
[14:25] {Threei}  if you are ready to try Qs for another leg, either .15 long or wait for pullback
[14:25] {Threei}  hard to tell whether shakeouts are over
[14:31] {Threei}  impressive strength F
[14:33] {Threei}  DRYS
[14:33] {Threei}  big offer again
[14:33] {Threei}  if market makes another jump, .50 break
[14:33] {Threei}  if stays above .40
[14:33] {Threei}  btw, same name at the offer
[14:34] {Threei}  someone gets steamrolled on his short and tries to average? :)
[14:35] {Threei}  wow F
[14:35] {Threei}  serious drop
[14:41] {Threei}  NASDAQ break is coming
[14:42] {magoo} magoo kickin aapl
[14:43] {Threei}  ne high
[14:43] {Threei}  new
[14:43] {magoo} p;retty good kick
[14:43] {Threei}  i'll say
[14:48] {Threei}  if you waited for Qs pullback and got it near 30, half out here
[14:48] {Threei}  if took .15, just sit and look pretty
[14:48] {Geo} got .10
[14:48] {magoo} aapl 100
[14:48] {magoo} out
[14:48] {magoo} + .64
[14:49] {magoo} feels like 101 coming
[14:49] {Threei}  even with .15 entry you have over 1"1 now, half out
[14:49] {Threei}  1:1
[14:55] {magoo} HIG attacking 16 RISKY
[14:59] {magoo} HIG 
[15:00] {magoo} aapl 101 
[15:00] {magoo} comith RISKY
[15:01] {magoo} obviously..aapl needs mkt help
[15:01] {magoo} if IF mkt turns down all bets off
[15:01] {magoo} bewitching hour now
[15:02] {magoo} who knows
[15:05] {dino}  sm risky, l sds .95
[15:07] {Threei}  - Will announces another report Tuesday, Dec 9th
[15:07] {Threei}  - Continues to work on ways to ensure compliance
[15:07] {Threei}  - Rtemarks that will provide the Obama administation with a 'robust' organization of the TARP program {
[15:08] {cosmo} i thought it was a loan
[15:08] {Threei}  new high Qs
[15:08] {Threei}  ADBE
[15:09] {Threei}  23 break possible play on market continuation
[15:09] {Threei}  DRYS is probably tired
[15:10] {Threei}  MS
[15:11] {magoo} AAPL
[15:11] {Threei}  I am yet to understand why anyone over there deserves any kind of bonus
[15:11] {Geo} if they werent there it would have been worse
[15:12] {Threei}  I'll have to disagree if they present this kind of argument
[15:12] {Geo} lol
[15:12] {Threei}  they weren't anywhere close to my banking account, and it's in a much better shape than their banks
[15:12] {Threei}  how's that for empirical evidence?
[15:13] {Geo} adbe valid?
[15:13] {Threei}  as long as it's holding above .90
[15:22] {dino}  they wanted 800b
[15:23] {Threei}  I expect this number to change from 500B to 2T and back 40 times between now and then
[15:23] {Threei}  if past dicussions and soundbites are any indication
[15:24] {laserdave1} hawkfan
[15:24] {laserdave1} dcc please
[15:25] {Geo} sigh
[15:25] {magoo} thats never good
[15:31] {dptl} have a good evening all
[15:31] {magoo} u too :)
[15:32] {Threei}  take care dp
[15:33] {Geo} amzn new high
[15:36] {Geo} .
[15:38] {patience} tsx +500    it has been a nice day...starting to look at wall mounted tv's at costco
[15:38] {Threei}  lol
[15:39] {Chaeron} they got a great Sony there on special :)
[15:39] {patience} don't laugh, i'm going to ask you to install it
[15:39] {Chaeron} roflol
[15:39] {Threei}  you have a few spare walls?
[15:39] {Threei}  you better
[15:39] {patience} over the fireplace...i'm sure you'll enjoy the challenge
[15:39] {Threei}  'cause those I'll mount TV on are guaranteed to come down crashing
[15:40] {Geo} amzn lagged nicely
[15:40] {Geo} on short to Qs
[15:44] {Geo} anyone.. in anything?
[15:44] {Geo} i am flat
[15:44] {Threei}  front view or side view?
[15:45] {Geo} back for you vad
[15:45] {Threei}  business as usual then
[15:45] {Geo} hehe
[15:45] {Threei}  :)
[15:46] {Threei}  on the nxt leg down
[15:46] {dino} out sds .15, +1.20
[15:46] {Geo} i cant believe i screwed up the day and up only 29.00
[15:46] {magoo} q?
[15:46] {magoo} qS?
[15:46] {Threei}  Qs
[15:46] {Threei}  how Geo??
[15:46] {dino} geo, take it easy, i'm negative
[15:46] {Geo} fat fingered the wrong direction
[15:47] {Threei}  ouch
[15:47] {Geo} not your kind of day dino
[15:47] {Geo} too orderly
[15:47] {dino} 5/15
[15:47] {dino} i suck
[15:47] {Geo} amazon helped me climb back
[15:47] {dino} these big up gaps that don't fill, kill me
[15:49] {Geo} wow
[15:50] {Geo} didnt get tthis ounce
[15:50] {Threei}  grabbed quick 11 cents
[15:50] {Geo} i knew it !!!!!!!!!!!
[15:50] {Threei}  awww... a little too soon
[15:51] {Geo} nice
[15:51] {dino} assurances? are there any
[15:53] {Threei}  ugh
[15:53] {Threei}  could be a very nice one from .87 entry
[15:54] {Threei}  not that I am complaining about quick 110 at the end of the day
[15:54] {Threei}  sheesh
[15:54] {Geo} rabbed 25 cents from AMZN
[15:54] {Geo} 300 only
[15:55] {Threei}  military jet crash in San Diego
[15:55] {Threei}  residential area
[15:56] {Threei}  chaeron, oput away that slingshot, will ya
[15:56] {Geo} hmmm exited early
[15:56] {Chaeron} not me!
[15:58] {Geo} thanks all......
[15:58] {Threei}  I seem to overcome the curse of big gap/slow climb days lately dino
[15:58] {Threei}  don't know if that's a temporary phenomenon or I finally learned how to trade them
[15:59] {dino} you're a lucky guy
[15:59] {Threei}  OK guys, thank you all
[15:59] {Threei}  have a good evening, see you tomorrow
[15:59] {KSystems} cya Vad take care
[15:59] {magoo} ty boss
[15:59] {dino} we should be selling the 1000 pt rips, hmmmm
[16:00] {lisa_jay} Thanks Vad.

Friday, December 5, 2008

Dec 05 2008

Beautiful day. Not without couple stops but a lot of trades worked like charm. Got the rally timing just right although somewhat underestimated its strength. Identified the hottest item for the day early too - HIG did wonders. Little educational exchange on the last 15 minutes of the day, to polish thing off. 

Session Time: Fri Dec 05 00:00:00 2008
[08:30] {Geo} gm
[08:39] {Threei}  was that Good Morning, or General Motors?
[08:41] {Geo} sigh... good morning
[08:42] {Threei}  ok... good morning then :)
[08:42] {Threei}  oil... how low can you go?
[08:43] {Threei}  NOV UNEMPLOYMENT RATE: 6.7% V 6.8%E
[08:43] {Threei}  - Prior Oct Nonfarm revised Lower from -240K to -320K
[08:43] {Threei}  - Prior Oct Manufacturing revised from -90K to -104K
[08:43] {Threei}  - US Nonfarm Payroll decline is the highest since Dec 1974
[08:43] {Threei}  NOV AVERAGE HOURLY EARNINGS M/M: 0.4% V 0.2%E; AVERAGE WEEKLY HOURS: 33.5 V 33.6E
[08:43] {Threei}  - Prior Average Hourly Earnings MoM revised from 0.2% to 0.3%
[08:52] {wishbone} gm all
[08:52] {Threei}  wishbone :)
[08:56] {Threei}  08:30am [HIG] Raises FY08 EPS guidance to $4.70-4.90 v $4.36e
[09:00] {KSystems} Good morning!
[09:00] {patience} good morning guys  :)
[09:01] {Threei}  ks, patience :)
[09:01] {wishbone} vad..yesterday when scalping uaua u told geo to give couple cents above market for entry (stop limit)...
[09:01] {Threei}  yes sir
[09:02] {wishbone} i don't understand how to enter that?
[09:02] {Threei}  let's say market is 10 x 10.01
[09:02] {Threei}  you decide to enter here,
[09:03] {Threei}  you click on 10.03 on level2
[09:03] {Threei}  and click limt buy
[09:03] {Threei}  this way you give it couple cents leeway
[09:03] {Threei}  so you don't miss it altogehter if it starts ticking as you click
[09:04] {Threei}  but you are protected from too high entry which may come if you use market
[09:04] {Threei}  and stock upticks sharply
[09:05] {wishbone} ok...thought u were talking about specific setting in laser ...ty vad
[09:05] {Threei}  :)
[09:05] {Threei}  I am not sure if you can set this with hotkeys
[09:05] {Threei}  those who use them may be able to help
[09:06] {Geo} yes you can
[09:07] {Geo} you just use your hot key for bid..... use right arrow for lets say 4 ticks above and hit enter
[09:07] {wishbone} ty geo
[09:08] {Geo} thats how i use it.... try it on Qs on 100 shares before going to UAUA :)
[09:09] {dptl} good morning all
[09:10] {Threei}  dp :)
[09:10] {Threei}  HIG is likely to be a hot item today
[09:11] {peterg} morning akk
[09:11] {peterg} all
[09:11] {Threei}  peter :)
[09:12] {peterg} have set up new slap w thks to geo
[09:12] {Threei}  welcome to 21st century of advanced slapping!
06[09:12] * Geo slaps peterg around a bit with a large blackberry box
06[09:13] * peterg slaps Geo around a bit with a large turquoise 57 chevey nova
[09:13] {Onix} Good morning all
[09:13] {Threei}  onix :)
[09:14] {dino} gm all
[09:15] {Threei}  dino :)
[09:18] {Onix} hi dino
[09:20] {magoo} morn
[09:20] {Threei}  magoo :)
[09:20] {Onix} hi magoo
[09:26] {ese} another fine day in trading land.....
[09:26] {Threei}  ese :)
[09:26] {ese} morning vad
[09:29] {ese} advanced
[09:29] {peterg} customized slaps
[09:30] {ese} to meet everyones needs.......also cool
[09:30] {lisa_jay} Good morning everyone.
[09:30] {Threei}  lisa :)
[09:30] {ese} lisa
[09:32] {ese} welllll.......slap this market around a bit will ya vad.....
[09:32] {Onix} hi lisa
[09:33] {lisa_jay} Hi Onix, Ese, Vad.
[09:33] {Threei}  wow... that was fast on HIG
[09:33] {magoo} i caugfht it .40 to .80p
[09:37] {Threei}  DRYS
[09:38] {Threei}  sheesh
[09:38] {Threei}  pure teleportation
[09:38] {ese} second day in a row that DRYS has kida done this
[09:39] {Threei}  HIG seems to be aiming for 11
[09:39] {Threei}  voaltile as hell
[09:40] {magoo} mktts trying to go green
[09:41] {Threei} Long Setup:  HIS  .50 half lot if stays above .30
[09:41] {Threei}  HIG
[09:41] {ese} would agree mags......doesn't sem to take much to set them off
[09:42] {Geo} wo
[09:42] {Geo} in 54 out 73
[09:42] {Geo} TY vad
[09:42] {Threei}  half out .72
[09:43] {magoo} waiting .94
[09:43] {peterg} out .82 +42 ty vad
[09:43] {Threei}  welcome guys
[09:43] {Threei}  took it aggressively peter?
[09:44] {peterg} yep
[09:44] {peterg} sometimes stupidity works for me
[09:44] {peterg} sometimes it doesnt
[09:44] {Threei}  I don't see it as stupidity
[09:44] {Threei}  it's personal preference
[09:45] {peterg} sometimes its that too
[09:45] {Threei}  with this kind of entries you'll have more stops but they'll be tighter
[09:45] {Threei}  and wins will be bigger
[09:46] {Threei}  watching for possible re-entry
[09:47] {Threei}  DRYS pulled back
[09:48] {Threei}  if market jumps up, it will be a play again if gives a delay for entry
[09:48] {ese} come on a fourth bottom....2 days in a row.......whats wrong with ya man!!!!
[09:49] {Threei}  look how strong UAUA is
[09:56] {magoo} read on HIG vad?
[09:56] {Threei}  not sure
[09:56] {Threei}  UAUA is again near 11, yest resistance
[09:57] {peterg} yest?
[09:57] {peterg} surely you yest
[09:57] {Threei}  yesterday
[09:57] {peterg} ok
[09:57] {Geo} NQ broke yes low
[09:58] {peterg} yes wa thrsdy
06[09:58] * Threei slaps peterg around a bit with a large mayan calendar
[09:58] {peterg} rofl
06[09:59] * peterg slaps Geo around a bit with a large tomb of tutankanem
[09:59] {Threei}  UAUA forms standard JBE
[09:59] {Geo} ahhha
[09:59] {lisa_jay} Vad, for Q's if you are trading 500 - 1000 shares do you need to use reserve orders?  Thanks.
[09:59] {Threei}  .85 - 11
[10:00] {Geo} peterg it is tutankhamun
[10:00] {lisa_jay} Sorry, answer me later after trade then.
[10:00] {peterg} thks, wasnt sure
06[10:00] * Geo feels smart for a change
[10:00] {Threei}  it's just that UAUA is not a standard stock
[10:00] {peterg} you da man
[10:00] {Threei}  no lisa
[10:00] {Threei}  on Qs it doesn't matter
[10:01] {lisa_jay} Ok, thanks.
[10:01] {Threei}  not a thin stock where your large position could scare someone
[10:07] {Threei}  so... credit is unfrozen?
[10:08] {ese} another positive comment.........nice
[10:09] {peterg} no, credit is stabilized--prev. frozen, now stable and frozen
[10:09] {Threei}  oh
[10:09] {Threei}  got it
[10:09] {Threei}  all this newspeak
[10:09] {peterg} teller at bank asked if a banker could call me to offer me a home equity line
[10:09] {peterg} I declined
[10:10] {ese} aaahhhhhhhh.......tks for clearing that up peter
[10:11] {peterg} well, there's some credit out there
[10:11] {peterg} but not 34 EZ billions
[10:13] {Threei}  GM is dropping as if no money is coming their way
[10:13] {Geo} thats funny as this job number pretty much guarentees their bailout
[10:15] {ese} how do you mean geo
[10:15] {Threei}  too big to fail
[10:15] {Geo} the congress wouldnt want more job losses
[10:19] {Threei}  DRYS held .30 through the market slide
[10:20] {dino} lod
[10:25] {magoo} any reads UAUA vad?
[10:26] {Threei}  need market to stabilize
[10:26] {Threei}  it wants up
[10:26] {Threei}  just has to have support
[10:26] {Threei}  any market strength, see how willing UAUA uis?
[10:32] {Geo} .
[10:33] {dino} sm l afam .34, thin
[10:35] {Threei} Long Setup:  HIG  half lot as close to .30 as possible
[10:36] {Threei}  first strength from here
[10:38] {Threei}  anyone got it, keep stop under .20
[10:38] {magoo} in
[10:38] {Threei}  whatcha got?
[10:38] {magoo} .34
[10:38] {Threei}  .31 here
[10:38] {Onix} .31
[10:38] {peterg} .29!
[10:39] {magoo} ill have to exit .03 higher than u lol
[10:39] {Threei}  :)
[10:41] {Threei}  no worky
[10:41] {Onix} stopped
[10:41] {wishbone} stopped
[10:41] {magoo} stiopp
[10:42] {peterg} sptd
[10:42] {peterg} stpd
[10:46] {magoo} rinsed
[10:48] {Threei}  yeah
[10:48] {magoo} rough ride..but with any mkt help over 11
[10:50] {magoo} l here .41
[10:50] {magoo} hig
[10:50] {magoo} waiting .77
[10:51] {magoo} out .65
[10:51] {magoo} what the hell
[10:53] {magoo} plus .24
[10:53] {magoo} no one?
[10:53] {peterg} not me
[10:54] {peterg} good job
[10:54] {magoo} here comes 11
[10:56] {magoo} 11
[10:56] {magoo} easy too
[10:57] {dino} afam stop to 42.00
[10:57] {Threei}  wtg mags
[10:58] {dino} gj magoo
[10:58] {ese} DRYS....just lookin for an excuse
[10:58] {magoo} UAUA vad
[10:59] {Threei}  should break sooner or later but its pullbacks are gut-wrenching
[10:59] {ese} UAUA or DRYS
[11:00] {dino} out afam .00, +.64
[11:00] {Threei}  both actually, lol
[11:00] {ese} classic dino.....nice
[11:00] {Threei}  good one dino
[11:01] {ese} it  was /is really thin though......  nerves of steel
[11:01] {magoo} buns of steel
[11:02] {ese} we'll leave that up to the ladies to decide
[11:02] {dino} thx
[11:02] {Threei}  got HIG .92 on pullback... too fast to cal, sorry
[11:02] {ese} the man is oblivious....
[11:03] {magoo} ts got 12 written all over it vad
[11:03] {magoo} but with hard breating
[11:08] {Threei}  UAUA starts teleportation business
[11:12] {Threei}  HIG on its merry way to magoo's target
[11:12] {dino} yum l .00, stop lod
[11:13] {Threei}  if you watched UAUA for this pattern, .81 - .90 scalps repeated themselves couple times
[11:14] {Threei}  not right now
[11:14] {Threei}  don't buy into sharp market downtick
[11:15] {Threei}  when UAUA downtick coincides with market selling, it's like to do more than one leg down
[11:15] {Threei}  like = likely
[11:18] {dino} sharp down ticks are all markets give anymore
[11:20] {magoo} mkt wants up but justyt relentless end of world news out there
[11:21] {dino} we will be living underground soon
[11:22] {Threei}  I have my cave ready
[11:22] {Threei}  equipped qwith beer fridge and wi-fi
[11:23] {Threei}  Honda pulls out of Formula one
[11:31] {dino} yum stopped -.22
[11:32] {Threei}  I will be very surprized if HIG doeasn't hit 12 today
[11:34] {dino} yum rinsed
[11:36] {Threei}  - The credit crisis is the most urgent problem facing the economy, focusing on root causes to aid economy
[11:36] {Threei}  - Notes that credit markets are thawing.{GM F}
[11:39] {Chaeron} good morning all
[11:39] {Threei}  chaeron :)
[11:39] {Chaeron} sorry I'm so late.... unavoidable... miss much?
[11:39] {Threei}  some
[11:40] {Chaeron} UAUA and HIG... 
[11:46] {ese} see you all next week.
[11:47] {Chaeron} bye ese... have a good 2 days
[11:47] {ese} take care
[11:48] {Threei}  take care ese
[11:50] {Threei}  wow
[11:50] {Threei}  what just happened?
[11:52] {magoo} [11:20] {magoo} mkt wants up but justyt relentless end of world news out there
[11:52] {magoo} thats what
[11:54] {magoo} HIG
[11:54] {Threei}  nears that 12
[11:54] {Threei}  and UAUA tries to chew through 11
[11:55] {magoo} cant post fast enough..hit HIG .61 to 89 there
[11:59] {Threei}  not much retreat from 11 this time UAUA
[11:59] {Threei}  if market resumes upward, probably should finally break
[12:01] {dino}  t l .30
[12:03] {dino} et tu brutus
[12:09] {dino} t stop to .44
[12:09] {dino} stopped t +.14
[12:09] {Threei}  anyone took UAUA 11 break?
[12:10] {Chaeron} I was disconnected and took it at .08
[12:10] {Chaeron} :(
[12:10] {Threei}  anyway, nicely in the money for a scalp
[12:11] {Threei}  but what kind of chasing is that
06[12:11] * Threei slaps Chaeron around a bit with a large sheet of paper with bold red letters "do NOT chase!!"
[12:12] {dino} beat me to it
06[12:12] * Chaeron slaps dino around a bit with a large trout
[12:12] {Chaeron} that's for thinking about it
[12:19] {dino} ouch
[12:23] {Chaeron} out at .10... I dont deserve the 2 cents
[12:23] {Threei}  better than poke in the eye
06[12:23] * Geo sends chaer his postal address
[12:23] {Threei}  and UAUA is sure capable of poking
[12:27] {Threei}  13 HIG
[12:27] {Threei}  unstoppable
[12:40] {magoo} .
06[12:41] * dino slaps magoo around a bit with a large trout
[12:41] {Threei}  HIG crawling toward high again
06[12:43] * wishbone slaps wishbone around a bit with a large trout
[12:44] {wishbone} that's graphics?
[12:47] {Threei}  trout is all youi got?
[12:47] {wishbone} qoi
[12:48] {Threei}  I don't speak french
[12:48] {wishbone} neither do i
[12:48] {Threei}  neither do I speak english
[12:49] {wishbone} is there graphics w/ the slaps?
[12:49] {wishbone} are there
[12:49] {Threei}  huh?
[12:49] {Threei}  graphics?
[12:49] {Chaeron} no but I'm working on a technology where the recipient actually feels the sting
[12:49] {wishbone} ok guess not! :)
[12:49] {Threei}  lol
[12:50] {Threei}  considering my limited vocabulary, you'd do well limiting your replies to me to "da" and "nyet"
[12:50] {Threei}  {GM F}
[12:52] {Threei}  that's inspiring
[12:59] {dino} out mcd .04, +.24
[13:00] {magoo} ok vad, i have geo email on slapfest..but i need u to literally walk me thru every click to install
[13:00] {Threei}  there is nothing to install, just put this file in RTC folder
[13:00] {Geo} hey !
[13:00] {Threei}  and click yes when it asks whether you want to replace file
[13:00] {Geo} i even sent vad's instructions
[13:00] {magoo} HUH?no clue
[13:01] {Geo} peterg
[13:01] {Geo} carry the torch pls
[13:01] {magoo} so how i start?
[13:02] {magoo} how i save file to whereever?
[13:02] {Geo} cant belive this is the same guy
[13:02] {Geo} who makes laser sing in scalping
[13:03] {magoo} i clicked it
[13:03] {magoo} ask want to save
[13:03] {Threei}  right
[13:03] {Threei}  elect Save
[13:03] {Threei}  it will open a window where you can navigate to any folder you want
[13:04] {Threei}  you need C - program Files - RTC
[13:04] {Threei}  once there, click save
[13:04] {magoo} where is that?
[13:04] {magoo} my docs? my computer? my netwk places?
[13:04] {Threei}  my computer
[13:05] {Threei}  c
[13:05] {Threei}  program files
[13:05] {Threei}  rtc
[13:05] {magoo} ok now what?says save in: RTC
[13:06] {Threei}  yup
[13:06] {Threei}  click save
[13:06] {magoo} ok now what?
[13:06] {Threei}  restart mirc
[13:06] {magoo} reboot?
[13:06] {Threei}  no, not whole computer
[13:06] {Threei}  just close mirc and openit again
[13:07] {magoo} log out laser?
[13:07] {Threei}  ??
[13:07] {magoo} what the hells mirc}?
[13:07] {dptl} lol
06[13:07] * Threei slaps magoo around a bit with a large red brick
[13:07] {wishbone} lol
[13:07] {magoo} seriously
[13:07] {Threei}  this room
[13:07] {magoo}
[13:08] {Threei}  move your eyes to the right and up
[13:08] {Threei}  you'll see red square with white X
[13:08] {wishbone} needed a good laugh....that was awesome magoo
[13:08] {Threei}  X marks the spot
[13:08] {Threei}  now move your eyes to the mouse
[13:08] {wishbone} there he goes
[13:08] {wishbone} rofl
[13:08] {KSystems} Now...everybody leave and yell at him when he comes back...he shouldnt have shut the whole room down!
[13:08] {Threei}  move mouse so cursor p;oint to the X
[13:08] {KSystems} wb magoo :)
[13:08] {magoo} ok thayts it?
[13:08] {Threei}  am I having fun or what
[13:09] {Threei}  oh, while moving cursor, move your eyes back to the screen
06[13:09] * magoo slaps Geo around a bit with a large book of Techniques of Tape Reading
[13:09] {Threei}  so you can monitor cursor movements
[13:09] {magoo} YESSSSSSSSS
[13:09] {Threei}  when cursor points to X, move your eyes back to the mouse and find left button
[13:09] {Threei}  left button is one on the same side as your heart
[13:10] {magoo} vad knows this..i can only do exactly what i need to do on not know anything else
[13:10] {magoo} i am retard
[13:10] {Threei}  pointing your eyes at the left button, pluit your finger on it
[13:10] {Threei}  depress it once and release
[13:10] {Threei}  move your eyes back to the screen
[13:10] {Threei}  someone stop me
[13:10] {dino} amzn sm l .00
[13:12] {magoo} slow down vad...which side of what? whats a mouse?
06[13:13] * Threei slaps magoo around a bit with a large book Windows for Dummies
[13:13] {Threei}  HIG broke
[13:13] {Threei}  we are in for a rally
[13:13] {Threei}  one more pullback, then break of the high
[13:14] {Threei}  pullback entry for Qs would be as close to .50 as possible if goes there
[13:15] {Threei}  .70 break should launch it
[13:19] {magoo} GS would be good rally candudate
[13:21] {Threei}  HIG 14?
[13:22] {magoo} well..its getting riskier tghe higher we go is all
[13:22] {Chaeron} OJ Simpson just got at least 6 years in prison for the Nevada thing
[13:24] {dino} good
[13:25] {Geo} is the .7 break a call vad?
[13:25] {Chaeron} ooops... it's 15 years
[13:25] {Threei}  if it consolidates close to it, yes Geo
[13:25] {Geo} looks like consolidation is beginning
[13:26] {magoo} long GS snall 66
[13:26] {magoo} 300 sghaes
[13:28] {Threei}  14
[13:29] {magoo} out .09
[13:29] {magoo} want mkt to go up 
[13:29] {Threei}  [09:10] {Threei} HIG is likely to be a hot item today
[13:29] {Threei}  lol... need a new alert
[13:30] {magoo} thats why i got on it vad
[13:30] {Threei}  "Hot Item Alert"
[13:30] {Threei}  recommended action:
06[13:30] * magoo slaps Geo around a bit with a large daytrading course
06[13:30] * magoo slaps Threei around a bit with a large roll of cash
[13:30] {Threei}  sell wife and kids, get a loan using youyr farm and house as collateral,
[13:30] {Threei}  negotiate 1:100 margin with your broker,
06[13:31] * magoo slaps Threei around a bit with a large slab of bacon
[13:31] {Threei}  buy hot item with all your new buying power
[13:31] {Threei}  retire at the end of the day
[13:31] {magoo} in Q .65
[13:31] {Threei}  it went to .53 on pullback
[13:31] {Threei}  why not buy on pullback?
[13:32] {magoo} was not sure it was end of world fall off
[13:32] {magoo} like yesterday and everyday
[13:33] {magoo} u forget already those 317 point drops in 60 seconds?
[13:33] {Threei}  no, but you'd have about 5 cents stop from there
[13:34] {magoo} i wanted to feel it going up first
[13:34] {magoo} u in??
[13:34] {Threei}  no
[13:34] {Threei}  missed pullback
[13:34] {Threei}  not chasing, waiting for another chance
[13:35] {Threei}  desirable around .60
[13:35] {magoo} well..i thought u said .70 will launch it
[13:35] {dino} amzn stop to .20
[13:35] {dino} stopped +.20
[13:35] {Threei}  you see how sharply it spiked into .70 from .53?
[13:35] {Threei}  when did you see me buying the top of such spikes?
[13:36] {Threei}  ok, in
[13:36] {magoo} how many 2?
[13:36] {Threei}  1
[13:37] {Threei}  stop is tight enough for 2
[13:37] {Threei}  but I don't feel like that on Fri
[13:37] {Threei}  and I am up enough to cease trading altogether
[13:37] {Threei}  so not going to spoil the day by one stop
[13:38] {Threei}  if things work out as I see them, next thing is spike to about .77
[13:39] {Threei}  oh boy
[13:39] {Threei}  forgot about UAUA
[13:39] {Threei}  look at it
[13:40] {Threei}  my grey matter is very grey on Friday afrernoon...
06[13:42] * Threei kicks the market in the rear
[13:43] {Threei}  half out .75
[13:43] {Threei}  +.14
[13:44] {magoo} out .77 2k
06[13:45] * Threei slaps magoo around a bit with a large roll of cash
06[13:45] * magoo slaps laserdave1 around a bit with a large Master Profit Plan
06[13:45] * magoo slaps laserdave1 around a bit with a large daytrading course
[13:45] {Threei}  out 1/4 more .85
[13:45] {Threei}  +.24
[13:45] {magoo} in GS too 
[13:45] {magoo} from .25
[13:45] {Threei}  offering last 1/4 .91
[13:45] {Threei}  out
[13:46] {Threei}  was that a read or was that a read
[13:46] {Chaeron} thanks Threei... took .21 from Q's
[13:46] {magoo} out GS .81
06[13:46] * Geo slaps Threei around a bit with a large gold bar
[13:46] {Threei}  pullback into .50, then break of .70 and rally
[13:46] {Threei}  textbook
[13:47] {Geo} still sitting in 500 shares
[13:47] {Geo} too greedy
[13:47] {jmb} thanks vad
[13:47] {Threei}  welcome jmb
[13:49] {Geo} out .97
[13:49] {Geo} TY lord vader
[13:49] {Threei}  welcome
[13:50] {Threei}  wow
[13:50] {Geo} heheheheh
[13:50] {Threei}  that's more rally than I bragained for :)
[13:51] {Geo} did i tell ya i reentered
[13:51] {Threei}  bargained too
[13:51] {Threei}  no you didn't
[13:51] {Geo} ill send ya blotter
[13:51] {Threei}  what for
[13:51] {Threei}  I believe you
[13:51] {Threei}  I just hate you
[13:51] {Geo} ahhh ok
[13:52] {Geo} rich and hated
[13:52] {Threei}  lol
[13:52] {Geo} thats why i came to you in this room
[13:52] {Threei}  there you go
[13:52] {Threei}  do I deliver or what
[13:52] {Geo} ok out now
[13:52] {Geo} cant push it
[13:53] {dino} yum l .10
[13:53] {Geo} in av .60 out .16
[13:53] {Geo} 56 cents
[13:54] {Geo} vad looks like it wants more
[13:55] {Geo} and bonds dropped fast
[13:55] {Geo} in
[13:56] {dino} out yum .27, +.17
[13:56] {Geo} .23 entry
[13:57] {Geo} half out
[13:57] {dino} afam l; sm .20
[13:58] {Geo} all out
[13:58] {Geo} .10 and .5 on one lot
[13:58] {Threei}  beauty
[13:59] {Geo} IMO bonds is a beautifull indicator
[13:59] {Geo} only when it spikes
[13:59] {Threei}  one more upward push, then heavy pullback
[13:59] {Threei}  what do you ue for bonds? TLT?
[13:59] {Geo} ZB from IB
[13:59] {Geo} tlt lags bad
[13:59] {Geo} and wierd spread
[14:00] {Threei}  don't care about spread, not going to trade it
[14:00] {Geo} lags vad
[14:00] {Geo} zb is 30 yr and tlt is 20
[14:00] {Threei}  yeah, lags by at least 5 minutes from what I see
[14:00] {Geo} i scalp spy on it as you scalp UAUA with NQ
[14:01] {Geo} spy watching ZB
[14:01] {dino} gj geo
[14:01] {Geo} 10 cents scalps
[14:01] {Geo} but made 1.5x on that alone today.......
[14:01] {magoo} whos lags? wqe got magss..maga
[14:02] {dino} bea utiful
[14:03] {magoo} how much is 1.5?
[14:03] {Geo} vad Ill post a chart... but could you edit it out later? pls
[14:04] {Threei}  sigh
[14:04] {Geo} i would love if yo could fine tune it... as my style is a bit raw
[14:04] {Threei}  ok
[14:04] {Geo} hehehe friday
[14:04] {Geo} sorry
[14:04] {magoo} there must be more money.......there must be more money {as magoo mounts his rocking horse}
[14:05] {Threei}  here comes my pullback
[14:05] {Threei}  Qs should drop under 20
[14:06] {Threei}  from where bounce scalp will be in order
[14:06] {Threei}  UAUA to 11.40 at least
[14:06] {Threei}  likely lower
[14:10] {Threei}  there you go Qs
[14:11] {Geo} watch the 10:54 PST spike down
[14:11] {Geo} works more often than not.... only if its a spike
[14:11] {Geo} or near HOD or LOD
[14:12] {Geo} pls edit it later vad :)
[14:12] {Threei}  nice pattern
[14:13] {Geo} i see it a few times in the day
[14:13] {Geo} have to use ZB though
[14:14] {Threei}  UAUA held better than expected
[14:14] {Threei}  feel free to take scalp Qs
[14:15] {jmb} thanks vad q's
[14:15] {Threei}  :)
[14:16] {Threei}  amazingly obeying today
[14:18] {dino} afam stopped -.40 sm
[14:18] {Threei}  argh
[14:18] {Threei}  UAUA did quick trip to .45 and back over .60
[14:18] {Threei}  all in a fraction of second
[14:21] {dino} amzn l sm .40
[14:24] {Threei}  lol... HIG goes for 15 or what?
[14:24] {KSystems} at +100% now
[14:27] {dino} out amzn .80, +.40
[14:27] {Threei}  nice
[14:27] {dino} ty
[14:27] {dino} just dinking around
[14:28] {Threei}  started out rather slow but turned to be a beautiful day
[14:29] {Threei}  wow
[14:29] {Threei}  what happened to oil just now?
[14:35] {Threei}  {GM F}
[14:37] {dino}  thin, sm, l erie .20
[14:40] {dino} i must buy magoo a beer, i asked him up or down when -50, he said up
[14:41] {Geo} ne calls vad?
[14:42] {Threei}  you don't think I have them but hide them?
[14:42] {Geo} in your cave?
[14:43] {KSystems} in secret 99k$ room
[14:43] {KSystems} (discounted rate, batteries not included)
[14:43] {Threei}  your mileage may vary
[14:43] {Threei}  objects in mirror may appear closer than they are
[14:44] {Geo} ok jumped in amazon as it lagged to go to its HOID
[14:44] {Geo} nice.....
[14:45] {Threei}  don't forget to jump out
[14:45] {Geo} it has some more juice
[14:45] {Threei}  Geo the Juicer
[14:46] {Geo} in from .77 
[14:46] {Geo} 500 left
[14:47] {Geo} out .34
[14:47] {Threei}  wtg
[14:47] {dino} gj
[14:47] {Geo} covered first half too early.... oh well....
[14:47] {Geo} i love your lag plays vad
[14:48] {Threei}  for the most part easy money
[14:48] {Geo} hmmm
[14:48] {Geo} still going
[14:48] {Geo} nice up day today
[14:51] {Geo} didnt expect that with this NFP
[14:53] {Threei}  one more push upward is in order it feels
[14:54] {magoo} whats the play?
[14:55] {Threei}  Qs from around .50
[14:57] {dino} bad news is good news, hmmm
[14:57] {Threei}  yup
[14:58] {dino} stalking pru
[14:58] {Threei}  no pullback so far
[14:59] {dino} its coming 3:05ish, imo
[15:00] {Threei}  OCT CONSUMER CREDIT: $-3.5 V $2.0BE
[15:00] {dino} negative?
[15:01] {Threei}  looks like
[15:01] {magoo} HOIG 15
[15:01] {magoo} hih
[15:01] {magoo} HIG
[15:01] {magoo} sigh
[15:03] {magoo} now..down 500 points or up 300 points??
[15:03] {dino} bam
[15:03] {dino} [14:59] {dino} its coming 3:05ish, imo
[15:03] {dino} same as yesterday
[15:03] {Threei}  bounce Qs for scalp soon
[15:04] {Threei}  scalp only
[15:05] {Threei}  13 cents
[15:06] {Threei}  anyone?
[15:06] {Geo} still in from .46
[15:06] {wishbone} hesitated at .41
[15:06] {Threei}  don't oversit, market became nervous
[15:07] {Geo} out
[15:07] {Geo} all out .6
[15:13] {magoo} 16 vad}??
[15:13] {Threei}  lol, I already out of guesses on HIG
[15:14] {Threei}  16, 18... anything's possible
[15:14] {Threei}  12 too
[15:14] {magoo} ok..lots of help he he
06[15:15] * Threei slaps magoo around a bit with a large Self-Help Manual
[15:15] {dino} sm s pru .44 risky
[15:16] {dino} that sucked
[15:18] {magoo} maria schriver just called a bottom
[15:18] {Threei}  uh oh
[15:18] {Geo} sitting in amzn
[15:18] {dino} sell the rips boys, +6% from todays' low
[15:19] {dino} 8600 area hasbeen major resistance thos week, altho gap at 8828
[15:19] {magoo} we got a big sh#t sandwichje here..and ya'll gotta take a bite
[15:19] {dino} 871 s&p too
[15:20] {Threei}  big drop HIG
[15:20] {Geo} scratched amzn
[15:21] {Geo} bonds bounced of bottom
[15:28] {Geo} sheesh forgot... bonds pit closed at 12:00 pst....
[15:28] {Geo} vol negligible now
06[15:29] * dino slaps Geo around a bit with a large trout
06[15:30] * Geo slaps Threei around a bit with a large weekend not here yet banner
06[15:31] * magoo slaps Geo around a bit with a large book of Techniques of Tape Reading
06[15:31] * Threei slaps Geo around a bit with a large My Weekend started Yesterday But I Still Found a Lot of Profitable Trades for Ya banner
[15:31] {Geo} rich and hated
06[15:31] * magoo slaps Threei around a bit with a large with mossyback smokey ghost droppings
[15:31] {Threei}  dream coming true eh?
[15:31] {Threei}  lol
[15:31] {Geo} not yet but working on it
[15:32] {Geo} what is that magoo?
[15:32] {Threei}  magoo really gets in this century stuff
[15:32] {magoo} deer poop
[15:32] {Geo} oooooh
[15:33] {dino} ok, wed. hod dji
[15:33] {Geo} sitting in amzn
[15:34] {KSystems} since?
[15:34] {Geo} .48
[15:34] {Geo} and half out
[15:34] {Threei}  asince he got parachuted in rain forrest
[15:34] {Geo} .68
[15:34] {Geo} ok out rest
[15:34] {Geo} dont want neg stops late in day
[15:35] {Threei}  come on... rain forrest? Amazon?
[15:35] {Threei}  sigh
[15:35] {Geo} hehehe
[15:35] {KSystems} sigh
[15:35] {Geo} too busy clicking buttons
[15:35] {KSystems} its friday vad
06[15:35] * Threei gives up
06[15:35] * Threei will never make another joke again
[15:35] {Geo} promise?
[15:35] {KSystems} I'm sitting in bathtub
[15:35] {KSystems} i shouldnt have said that
[15:35] {Geo} too much detail K
06[15:36] * Threei phones Seinfield and admits defeat
[15:40] {dino} out erie .58, +.38
[15:40] {dino} dino kicks radio into tub
[15:41] {dino} cov pru .04, +.40
[15:41] {dino} what, did everyone quit?
[15:42] {Threei}  I did, yesterday
[15:43] {Threei}  but dino,
[15:43] {Threei}  if you want real effect, kick toaster in KS's tub
[15:43] {dino} ahhh
[15:43] {Geo} man you guys.... dont like him much
[15:43] {Threei}  whom?
[15:43] {Threei}  I mean, Geo,
[15:43] {Geo} the guy in the tub
[15:43] {dino} sorry i'm such a late trader, just can't seem to figure a.m. out
[15:43] {Threei}  how do you intend to distinguish pne particular person among all those we don't like?
[15:44] {dino} over goal, in any case
[15:44] {Geo} its ok dino  we still love ya
[15:44] {patience} at least you are trading dino, i'm sitting this week out it seems
[15:44] {Geo} staill same goal dino?
[15:44] {dino} yeah, $7 beans
[15:44] {Geo} nice :)
[15:44] {Geo} ill increase my daily next year
[15:44] {Geo} having too much fun saying 2x
[15:44] {dino} 1.20
[15:45] {Geo} very nice
[15:45] {Geo} .6 here
[15:45] {dino} \gj geo, seriously, i see you "getting" the gut feel
[15:45] {Geo} yeah working on it
[15:45] {Geo} but gut increasing though :)
[15:46] {dino} we should call this the adam sandler market, 7 crazy days
[15:46] {dino} gj
[15:46] {Threei}  Geo... why would you want to do that?
[15:46] {Threei}  I mean, increase share size when you are ready is fine
[15:47] {Geo} not ready yet
[15:47] {Threei}  but why increase pressure on yourself by raising daily goal?
[15:47] {Geo} some time next year
[15:47] {Threei}  enjoy 2x, 5x,
[15:47] {Threei}  keep expectations low,
[15:47] {Threei}  stay humble
[15:47] {Geo} i love saying that lol
[15:47] {Threei}  lest market humbles you
[15:47] {Geo} 3 x today
[15:47] {dino} good point vad
[15:48] {Threei}  when you inrease mental pressure, you tend to start pushing
[15:48] {Geo} expectation is .5 a day by end of nex year
[15:48] {Threei}  I noticed many years ago,
[15:48] {Geo} so lets see
[15:48] {Threei}  my best days come when I decide for myself:
[15:49] {Threei}  I am not going to tarde today at all
[15:49] {Threei}  will watch
[15:49] {Geo} ok
[15:49] {Threei}  maybe something very compelling comes along, then ok, I'll take it
[15:49] {Threei}  guess what
[15:49] {Threei}  quality of trades increase multifold
[15:49] {dino} geo, if i may, hat = .5?
[15:49] {Threei}  % of wins is incredible
[15:50] {dino} 7 beans = 700
[15:50] {Geo} yes
[15:50] {Geo} .5 is 500
[15:50] {Geo} no i average 200 a day
[15:50] {dino} ok, fantastic buddy
[15:50] {Geo} not in your leage dino :)
[15:50] {Threei}  then I come in, thinking, OK, I need to make $xxx today
[15:50] {Threei}  well... smack on the head comes quickly and inevitable
[15:51] {Geo} good observation vad
[15:51] {Threei}  and for some reason always from the right side
[15:51] {dino} indeed vad you are correct, the pressure gets to me
[15:52] {Threei}  yeah, gotta remind ourselves now and then, there is no such thing as work ethics or steady payment we are entitled for in this business
[15:52] {Geo} no????
[15:52] {Geo} man i need to start a para sailing business in bali
06[15:52] * Threei slaps Geo around a bit with a large Business Code of Conduct
06[15:53] * Geo slaps Threei around a bit with a large how to be rich and hated manual
[15:53] {dino} sm s erie .56 stop hod
[15:53] {Geo} wow dino still chugging along
[15:53] {Geo} good thing he doesnt trade forex heheheheheh
[15:54] {dino} its trade or drink, magoos fault
[15:54] {dptl} have a good weekend all
[15:54] {dino} u2 dp
[15:54] {Threei}  take care dp
[15:57] {Threei}  look at HIG
[15:57] {Threei}  quite something
[15:59] {dino} erie, pain, can't get out of w/gap
[15:59] {dino} gone to .30 wide
[16:00] {dino} hmmm
[16:00] {Geo} watching it... amazing
[16:00] {Threei}  OK guys
[16:00] {dino} yeah, i'll be dealing w/it tonight
[16:00] {Threei}  veru nice day to a very nice week
[16:00] {Threei}  no single losing day
[16:01] {Threei}  have a great relaxing weekend
[16:01] {Geo} K you paged?
[16:01] {dino} i was down yesterday, blew 9 day streak
[16:01] {Threei}  see you Monday
[16:01] {magoo} ty all
[16:01] {Geo} i was down one day.... due to my own stuff.... not too big though
[16:01] {Geo} thanks guys
[16:01] {dawg} thanks all have a great weekend
[16:02] {dino} thx all, appreciate the ideas/help
[16:02] {KSystems} have a great weekend all

Thursday, December 4, 2008

Very nice scalping day. No stellar trades but very consistent and enough to call it a solid profitable one

Session Time: Thu Dec 04 00:00:01 2008

[08:43] {KSystems} You repaired it!
[08:43] {Geo} gm
[08:43] {Threei}  sigh
[08:43] {Threei}  good morning
[08:43] {Geo} no history vad?
[08:43] {magoo} morn
[08:43] {Threei}  hi mags
[08:44] {Threei}  can't tell Geo, was too long since anyone said anythiing
[08:44] {Threei}  you'll have to doscinnect aand reconnect
[08:44] {Threei}  and see if you get this exchange
[08:44] {Geo} got it thanks
[08:45] {magoo} vad..u dothe 11/20 download?
[08:45] {magoo} laser?
[08:45] {Threei}  no
[08:45] {magoo} me neither
[08:47] {Threei}  I need to be dragged into new things, kicking and screaming
[08:47] {magoo} i have to do a system scan, be back in 20 mins
[08:47] {Threei}  that's something normal people schedule for 3 am Sun
[08:52] {magoo} i remember at one point laser was doing a new download every week..what a pain in the arse
[08:53] {Threei}  they were in a development spree :)
[08:58] {dino} gm all
[08:58] {Threei}  dino :)
06[09:00] * laserdave1 slaps magoo around a bit with a large trout
[09:00] {Threei}  gosh
[09:00] {magoo} sheesh
[09:00] {Threei}  someone give this man more sophisticated tools
[09:00] {laserdave1} o hey morning   :)
[09:00] {Geo} not bad
[09:00] {Threei}  he will look more modern
[09:00] {Threei}  room won't smell as fish
[09:00] {laserdave1} u can say whatever excuses u want
[09:00] {Threei}  search engines won't sent fishermen to our site
[09:01] {laserdave1} did u know i actually still look like a caveman?
[09:01] {magoo} dave prob just got home from all nite poker tourny he he
[09:01] {laserdave1} hehe
[09:01] {laserdave1} just up early is all
[09:01] {laserdave1} wonder what the market will give us today?
[09:02] {Threei}  I don't care dave... caveman or not, make sure you have tie on when you enter the room - even if you don't have shirt on
[09:02] {cosmo} just tie one on...
[09:03] {laserdave1} u gys are a bit weird............
[09:03] {laserdave1} just a tie.............
[09:03] {Threei}  we?
[09:03] {Threei}  weird?
[09:03] {Threei}  two questions for ya
[09:03] {Threei}  1. what else is new?
[09:03] {cosmo} if i had a web cam, maybe...
[09:03] {Threei}  2. how does it mean you don't fit in?
[09:04] {Threei}  Geo... could you help him get and learn new tools for slaps?
[09:04] {Threei}  same goes for magoo
[09:04] {Threei}  'let's turn pillow fight into gentlemanly exchange
[09:04] {cosmo} of fish
[09:05] {Threei}  maybe we can fool someone and make them think we are gentlemen
[09:05] {cosmo} from the sea
[09:05] {Threei}  (not much chance, I know)
06[09:05] * laserdave1 slaps Threei around a bit with a large trout
[09:05] {Geo} vad just send em the email you sent me
[09:06] {Geo} i dont have their emails to send them the file
06[09:06] * Geo slaps laserdave1 around a bit with a large roulette wheel
[09:06] {laserdave1} haha
[09:06] {laserdave1} thats good
[09:09] {Threei}  as if I can find it easily
[09:10] {cosmo} MNKD: # MannKind Reports Positive Results from Final Two Pivotal Phase 3 Clinical Studies in Type 1 and Type 2 DiabetesPR Newswire(Thu 8:00am)
[09:10] {KSystems} if you dont find it i can send it to you once more
[09:10] {Threei}  nah I will
[09:10] {Threei}  just later in the day
[09:11] {cosmo} SNDK pr mkt high = 8.20  fwiw
[09:11] {magoo} what? i gotta download something to slapfest
[09:11] {Threei}  no... little file, takes 1 second to replace
[09:14] {Onix} Good morning all
[09:14] {Threei}  onix :)
[09:16] {lisa_jay} Good Morning everyone.
[09:16] {Threei}  lisa :)
[09:17] {hawkfan4} gm all
[09:17] {Threei}  hawk :)
[09:18] {Onix} hi lisa; hawk
[09:20] {Threei}  12/03/08 07:54pm
[09:20] {Threei}  [SNDK] Sandisk Corp Toshiba spokesman reiterates company has no intention to buy Sandisk
[09:20] {Threei}  - Note: Shares of SanDisk soared more than 25% Wednesday on speculation that Toshiba was considering buying it.
[09:21] {cosmo} oh
[09:21] {cosmo} needs to hold 8
[09:29] {ese} good morning
[09:29] {Threei}  ese :)
[09:29] {dino} giddy-up
[09:30] {Onix} hi ese
[09:31] {Threei} Long Setup:  C  .76 if stays above .65
[09:32] {ese} hey onx
[09:33] {Onix} in .76
[09:34] {Threei}  .60 and .50 are valid support levels as well, I just want to keep the tightest and re-enter if new setup forms
[09:34] {wishbone} gm all
[09:34] {magoo} in .75
[09:34] {Threei}  wishbone :)
[09:34] {magoo} bone:)
[09:35] {Onix} hi wishbone
[09:36] {wishbone} mornin' onix
[09:36] {wishbone} magoo
[09:37] {Threei}  watching AMZN for pullback
[09:37] {dino} fdo l .50
[09:40] {ese}  L YRCW .20   barely
[09:40] {magoo} GS should pull up C
[09:41] {Threei}  not much of pullback on AMZN
[09:41] {Threei}  I hoped for 47.50 at least
[09:41] {magoo} nutso strong
[09:42] {Threei}  decide if you want to take scalp or partial out on C
[09:42] {Threei}  my choice is partial
[09:42] {magoo} im waiting .97
[09:42] {Threei}  half out .88
[09:43] {magoo} OUT TY
[09:43] {Threei}  welcome sir
[09:43] {Threei}  1/4 more out
[09:43] {Threei}  a bit too sharp spike
[09:43] {peterg} gd morning!
[09:43] {Threei}  peter :)
[09:44] {Threei}  out in full
[09:44] {Geo} all out .98 vad
[09:44] {Geo} TY
[09:44] {dino} out fdo .82, +.32
[09:44] {Threei}  geo :)
[09:44] {Threei}  onix?
[09:44] {Onix} out last 1/4 .98
[09:45] {Onix} ty vad
[09:45] {Threei}  cool
[09:45] {Threei}  yw
[09:45] {magoo} nice work guys
[09:45] {dino} gj
[09:46] {wishbone} sweet
[09:51] {ese} out YRCW  .52 +.32  lot and a 1/2
[09:52] {Threei}  wtg
[09:52] {ese} tks vad
[09:52] {Threei} Short Setup: DELL  .24 if stays below .35
[09:52] {ese} orginally 1/2 lot but when i saw the momentum added the other lot
[09:53] {dino} nice es
[09:53] {ese} tks dino
[09:56] {magoo} kiss of death
[09:56] {magoo} cramer called dow 73590 was the low
[09:57] {magoo} 7350
[09:57] {hawkfan4} we're doomed
[09:57] {ese} YRCW....nice move ...made it to 6.00
[09:58] {dino} yeah magoo he called july low the low, then oct low the low, now nov.; eventually he will be right
[09:58] {hawkfan4} exactly dino, even a broken clock...
06[09:58] * Geo slaps magoo around a bit with a large grandfather clock
[09:59] {hawkfan4} lol
[09:59] {dino} lol hawk
[10:00] {Threei}  OCT FACTOR ORDERS: -5.1% V -4.5%E
06[10:00] * magoo slaps Raven around a bit with a large trout
[10:00] {dino} shocking
[10:02] {Raven}  hey!
[10:03] {lisa_jay} All bad eco data being bought.
[10:03] {Threei}  no kidding
[10:03] {magoo} shot a few crows last week..was thinking of u lol
[10:04] {Geo} awwww
[10:04] {cosmo} old crow?
06[10:04] * Geo is glad he is faaaar away from magoo
[10:05] {peterg} in DELL or watching
[10:05] {Threei}  it never triggered
[10:05] {peterg} rt
[10:05] {Raven}  sheesh
[10:06] {Threei} Long Setup:  CBST  small shares .45 if stays above .20
[10:08] {Threei}  UAUA
[10:09] {Threei}  watching for pullback entry
[10:11] {Threei}  quick dive into .30
[10:12] {Threei}  - says the Treasury is considering alot of different ideas related to mortgages
[10:12] {Threei}  - Reminder: on 12.03 WSJ reported that US Treasury considering plan to stop housing prices from falling further, through lowering mortgage rates with FNM and FRE. The plan could reduce rates for newly issued loans to as low as 4.5%
[10:13] {magoo} mkts weak here
[10:14] {Threei}  volume is distributed kind of evenly throughout ups and downs
[10:14] {Threei}  hard to gauge the mood
[10:14] {Geo} dell invalid vad?
[10:14] {Threei}  yes
[10:21] {Threei} Short Setup: RIMM  38 break if stays below 38.20
[10:21] {Threei}  reverse the setup if market jumps up
[10:22] {ese} someone take a look at the DRYS 1 min chart...if it breaks 4.20  it may go for a bit.....opinions
[10:22] {Threei}  looks right to me
[10:22] {ese} bumped up agains 4.20 3 times now
[10:22] {dino} fdo l .60
[10:23] {ese} b stop .22 DRYS
[10:24] {ese} high of the day
[10:24] {magoo} lonmg rimm .16
[10:24] {wishbone} in rimm
[10:24] {Geo} in
[10:25] {Geo} .22
[10:26] {magoo} magoo lights fire under naz butt
06[10:26] * Threei pours gasoline in that fire
06[10:26] * Geo gets the marshmellows
[10:27] {Threei}  decide between scalp and partial around .40 - .45
[10:27] {magoo} magoo rolls around on ground..threei hit him with a lil gas by accident
[10:27] {Geo} that stinks magoo
[10:27] {Threei}  accident?
[10:27] {Raven}  {----------- pours more gasoline on the crow shooter
[10:28] {Threei}  there you go
[10:28] {peterg} out Rimm for +.14 ty
[10:29] {dino} dino walks away
[10:29] {Threei}  welcome
[10:29] {peterg} RIMM again?
[10:29] {Threei}  market dependent
[10:29] {peterg} chk
[10:30] {wishbone} rimm out +.11 then stoopped for rest
[10:31] {Geo} still in.... didnt take scalp
[10:31] {Geo} vad?
[10:31] {Threei}  in
[10:31] {magoo} im in 
[10:31] {magoo} but do u thingy
[10:31] {Geo} yeah i figured
[10:31] {magoo} thinking .80 area
[10:31] {Geo} too busy gifhting fireside lol
[10:31] {magoo} needs market
[10:31] {Onix} in rimm .22
[10:32] {Geo} fighting
[10:32] {dino} fdo stopped -.22
[10:36] {Onix} half out rimm .42
[10:36] {Geo} nice
[10:36] {Onix} ty
[10:36] {Geo} i chechened and exited half on previous high
[10:36] {Geo} chickened
[10:37] {Threei}  out in full
[10:37] {Threei}  .41
[10:38] {magoo} waiting .63
[10:39] {magoo} but could exit anytime
[10:40] {magoo} should make it
[10:41] {Geo} amzn going to high
[10:41] {dino} layn l .22
[10:43] {magoo} out rimm here .67
[10:43] {magoo} oops.45
[10:44] {magoo} duh
[10:44] {magoo} thanx vader
[10:44] {Threei}  :)
[10:46] {Geo} wow
[10:46] {Geo} hadnt pulled cbst
[10:47] {Geo} just got targets filled
[10:47] {Geo} lol
[10:47] {ese} casual trading here...noticed my bstop was hit L DRYS .23
[10:49] {patience} no trading here, not my market yet
[10:52] {dino} fdo l .00
[10:52] {ese} definately the wrong way to trade.......was looking at and reading stuff  and didn't even notice I was hit
[10:53] {ese} out DRYS .44
[10:53] {ese} + ,21   3/4 lot
[10:53] {wishbone} nw
[10:54] {Geo} grmnstrong
[10:54] {Geo} heh grmn strong
[10:56] {ese} you get the feeling that DRYS is big time eveything else
[10:59] {Threei}  QQQQ pullback under .70 for long entry
[11:00] {Threei}  ideally, .60 - .65 zone
[11:02] {Geo} stop?
[11:03] {Threei}  it's not there yet...
[11:03] {Threei}  scenario I am looking for is .60 holding and providing support for a stop placement
[11:04] {Geo} ok
[11:04] {dino} you need a waitress w/that order vad, :)
[11:04] {Geo} .61 is close
[11:07] {Threei}  - Reminder 11/18 :Senator Shelby: There is pretty much nothing the heads of the Big Three can say to convince me they deserve a bailout
[11:07] {Threei}  first strength from here
[11:09] {Threei}  still unclear
[11:10] {dptl} good morning all
06[11:10] * magoo slaps dptl around a bit with a large trout
[11:10] {Threei}  hi dp
[11:10] {dptl} :)
[11:12] {Threei}  still unclear.50 break if holding above .45
[11:13] {Threei}  if loses .45, not sure
[11:13] {Threei}  in
[11:13] {Threei}  .43 - .44 stop
[11:14] {magoo} in.51
[11:14] {magoo} where u in
[11:14] {Threei}  .50
[11:14] {wishbone} in .5
[11:14] {magoo} grrrrrr
[11:14] {peterg} me .52
[11:15] {Threei}  half out .60
[11:16] {Threei}  stop .49, offering .69
[11:17] {lisa_jay} 10c in Q's Thanks Vad.
[11:17] {Threei}  :)
[11:20] {magoo} waiting .68
[11:20] {ese} have a great day all ...gota go
[11:20] {magoo} u to es
[11:20] {ese} see ya mags
[11:22] {Threei}  taje care ese
[11:22] {magoo} out .68 TY boss he he
[11:22] {Threei}  easy money
[11:23] {wishbone} q's +.11, +.17 ty3i
[11:25] {Threei}  :)
[11:25] {peterg} ty vad, made some. but desperately need patience training, to wait for best or better price
[11:26] {peterg} I am classic example of fear limiting upside movement
[11:27] {wishbone} workin' on same thing the profit..hate the pullbacks
[11:27] {wishbone} peterg
[11:27] {peterg} Current solution: increase share size, cuz I can only stay in so long
[11:27] {Geo} wo
[11:28] {Geo} dont know if thats a good one peter
[11:28] {peterg} right
[11:28] {peterg}  exercise caution
[11:28] {peterg} and not insanely large
[11:29] {peterg} bearing risk rules in mind
[11:29] {peterg} this game is for me a stomach game
[11:29] {peterg} how much can stomach take
[11:29] {peterg} very interesting
[11:29] {wishbone} like vad said yesterday...conditioning of mind
[11:29] {peterg} learning to relax while price fluctuates
[11:30] {wishbone} i feel your pain
[11:30] {peterg} thks
[11:30] {peterg} not so much pain, tho, as I think just basic combination of desire and fear.
[11:30] {wishbone} follow vads entry, stop ,exit plan and adjust size to your stop $ tolerance
[11:31] {magoo} hard part is to learn to let your winneres.."win"
[11:31] {peterg} Exactomundo
[11:31] {wishbone} i heard that
[11:31] {peterg} right, too right, magster
[11:31] {Geo} agree magoo... have learned fro you in that dept
[11:31] {peterg} ditto
[11:31] {wishbone} the partial outs help that...easier to let remaining go w/ stop on remander at b/e
[11:32] {peterg} yeah, I seem t o resist doing that
[11:32] {peterg} I dont want to adjust the share size on the little screenie weenie
[11:32] {peterg} and what is half of 500? 250?
[11:32] {peterg} I have to scroll it in?
[11:32] {wishbone} it has helped minimize trading fees cutting into my day
[11:32] {Geo} lol
[11:32] {Geo} i do 300 200
[11:32] {wishbone} i do 200 sometimes 300
[11:33] {peterg} I get it
[11:33] {peterg} I'll try it.
[11:34] {peterg} back in 30, thanks for counsel
[11:36] {Geo} oil is dead
[11:37] {Geo} when is NFP vad?
[11:37] {Threei}  NFP?
[11:38] {Geo} non farm payroll
[11:41] {Threei}  tomorrow 8:30
[11:41] {Geo} have feeling thats why choppy
[11:43] {Chaeron} good morning all
06[11:43] * Chaeron slaps laserdave1 around a bit with a large trout
[11:43] {Geo} hey chaer
06[11:43] * magoo slaps Chaeron around a bit with a large trout
[11:44] {Chaeron} hi Geo, Mags
[11:49] {Threei}  chaeron :)
[12:25] {peterg} ok, 34 minutes of radio silence.
[12:25] {peterg} actually 36
[12:25] {Threei}  lol
[12:25] {Threei}  we are meditating
[12:26] {peterg} a hush fell over the crowd as it stared at the awesome........
[12:26] {Threei}  om mani padme whom
[12:26] {Geo} oh........ vad didnt tell you about the supersecret room
[12:26] {Geo} vad chaer and maggo
[12:26] {Geo} no onle else allowed
[12:26] {peterg} they keep all the really good trades to themselves
[12:26] {Geo} they "meditate"
[12:27] {Threei}  yup... but I have suspicion chaeron leaks them
[12:27] {magoo} i thought i was disconnected
[12:27] {peterg} i checked; ping good
[12:27] {Threei}  otherwise why would no one agree to pay small administrative fee of $99,999.99/month for that room
[12:27] {peterg} vad, that
[12:28] {peterg} s the discounted rate
[12:29] {Threei}  yeah
[12:42] {Threei}  looks like uopward wave is about to start
[12:42] {Threei}  QQQQ, watching for antry around .35
[12:43] {Threei}  and UAUA .50 break
[12:44] {Threei}  ELN
[12:49] {Threei}  took .37
[12:49] {Threei}  stop under .30
[13:01] {Threei}  stopped Qs
[13:02] {Geo} stopped
[13:16] {Threei}  UAUA is avove 1:1, and looks strong still
[13:17] {Threei}  half out .62
[13:25] {magoo} q worth a shot here long imo
[13:25] {magoo} .21
[13:27] {magoo} .07 stop
[13:40] {Threei}  chaos
[13:41] {Threei}  amazingly enough, one of less chaotic stocks is one that used to be an embodoment of chaos - UAUA
[13:47] {Threei}  1/4 more out .68
[13:51] {magoo} my q long 1:1 here
[13:52] {magoo} out here .35
[13:52] {magoo} + .24
[13:52] {Threei}  wtg
[13:53] {wishbone} nice
[13:54] {magoo} any takes?
06[13:54] * magoo slaps laserdave1 around a bit with a large trout
[13:56] {Threei}  out UAUA in full .75
[13:57] {dino} gj
06[13:58] * Threei slaps KSystems around a bit with a large request to look his dcc
[13:58] {KSystems} *yawn*
[13:58] {KSystems} huh?
[13:58] {KSystems} oh sorry
[13:58] {Threei}  lol
[14:12] {Threei}  didn't expect that from UAUA
[14:13] {magoo} did u expect this................????????//
06[14:13] * magoo slaps Threei around a bit with a large trout
[14:13] {Threei}  sigh
[14:13] {Threei}  ask geo already for that file
[14:14] {Threei}  just how long I am going to get angry e-mails from fishermen "we went to your sitre, there is nothing about fishing!!"
[14:21] {magoo} l aapl small .40
[14:25] {peterg} made .11 tks mags
[14:26] {magoo} gj
[14:27] {magoo} my exit with mkt help is around 93
[14:27] {magoo} stop 92.03
[14:29] {peterg} thks
[14:29] {peterg} strategy helpful
[14:30] {peterg} if im ever to get beyond hit and run scalping, which I do enjoy
[14:31] {peterg} back in hr
[14:35] {magoo} 93
[14:35] {magoo} out
[14:36] {magoo} ty vad
[14:36] {Threei}  ?
[14:36] {wishbone} nw
[14:36] {magoo} for trade
[14:36] {Threei}  I'll take credit if you insist
[14:37] {Threei}  but let it be on record, I resisted
[14:37] {Geo} not very hard though
[14:38] {Threei}  no, I am too lazy for that
[14:45] {magoo} jeez..look at qqqq
[14:46] {dino}  drop-ola
[14:46] {dino} like gm's sales assumptions ever hold true
[14:47] {Threei}  - DoE had informed the automakers that their loan applications were incomplete.{GM F}
[14:48] {dino} casy
[14:48] {Threei}  can you believe all the scrutiny these guys go through for a fraction of money given to banks with not as much as page of a plan?
[14:52] {dino} but., aside from the banks, .why should they get it? whatever happened to capitalism? whatever happened to "pride"? these guys have turned into beggers.
[14:52] {dino} where does it end i guess is my question
[14:52] {Geo} i dont think its just these guys
[14:53] {Geo} the entitlement culture is widespread
[14:53] {Geo} i watch the kids in amazement....
[14:53] {Geo} no wars does that
[14:53] {dino} thats the problem, it's the new america, "not my fault" and don't hurt anyones feelings
[14:54] {Geo} one has to see bad times to appreciate the good ones really
[14:54] {Geo} i am amazed how i have to walk on egshells when i go to kids school
[14:54] {dino} responsibility is not required anymore
[14:54] {dino} discipline frowned on
[14:55] {dino} what do they expect
[14:55] {Geo} the touchy feely is killing me.....
[14:55] {Threei}  no kidding
[14:55] {dino} indeed, it is ruining us
[14:55] {Threei}  political correctness
[14:56] {Threei}  no one is ever wrong
[14:56] {dino} touchy feely, entitlements, no responsibility
[14:56] {Geo} so i had an interesting conversation wit my dishnetwork guy
[14:56] {Geo} was about 50 and was on my roof
[14:56] {Geo} he complained his kids or anyone didnt want to work hard anymore..... and california was doomed
[14:57] {Threei}  worst aspect of all this is, decades of excess created a situation where consequences of bailing them out or letting them fail are equally horryfing
[14:57] {dino} it's that way here too
[14:57] {Geo} he kept lamenting how manual labor wasnt cool anymore
[14:58] {patience} labourers start at $20/hr and good luck finding someone
[14:59] {Geo} so his definition was..... if you see a white guy in los angeles making something... thats recession
[14:59] {Geo} if he actually does manual labor.... its depression
[14:59] {Geo} lol
[14:59] {dino} lol
[15:00] {Geo} and i thought about it........ i dont see any
[15:01] {Geo} the story if USA has been belttightening and winning against any odds
[15:01] {Geo} last 30 years that story has been lost
[15:01] {Geo} anyway... ill stop my lament
[15:02] {Threei}  and this is the last pillar of what used to be capitalism
[15:02] {Threei}  the rest went down that road even earlier
[15:02] {Geo} exactly
[15:02] {Threei}  first time in my life I am glad I am not 20 anymore
[15:02] {Geo} man just when i beg borrow steal and show up here... they change the game
[15:02] {Threei}  I don't want to see what happens 40 years down this road
[15:03] {dino} thats what gets me geo, the rule changes. they were fine for them to make millions, but now it's unfair
[15:03] {Geo} privatization of reward..... socializatin of risk
[15:04] {Geo} you know but i really belive its always socialist at the top
[15:04] {dino} it is, it's the academics
[15:04] {Geo} capitalism is a stick to beat others with
06[15:05] * Threei slaps Geo around a bit with a large Communist Manifesto
[15:05] {Threei}  A spectre is haunting Europe -- the spectre of communism.
[15:05] {Geo} i mean think about it....... we alwyas want markets in agrarian countries to open up without giving up farm sunsidies
[15:06] {Geo} my boss keeps quoting..... remember this is the best country money can buy
[15:06] {Geo} lol
[15:06] {dino} we just lost 200 pts in 20 minutes
[15:06] {Threei}  with no news
[15:06] {Geo} money flying to bondd
[15:06] {Geo} day high
[15:06] {Threei}  watching UAUA for bounce
[15:08] {dino} the tlt is amazing me, with this spending. just a matter of time and it collapses
[15:09] {Threei}  SLW
[15:09] {Threei}  bounce candidate
[15:10] {Threei}  in
[15:10] {Threei}  stop eiether ridiculously tight, right under .20,
[15:11] {magoo} wherre?
[15:11] {Threei}  or a little more sane, like .15
[15:11] {Threei}  .21
[15:11] {magoo} .22
[15:12] {wishbone} .22
[15:12] {Geo} took uaua for .1
[15:12] {Threei}  :)
[15:15] {magoo} out slw .20
[15:15] {magoo} mkt crashing
[15:19] {Geo} out slw
[15:20] {Geo} made 1.5x.... dont want to spoil that
[15:20] {Geo} -.02
[15:22] {Geo} dod? you see that vol spike on NQ va
[15:22] {Geo} do you vad ? lol
[15:23] {Threei}  volume increases
[15:23] {Threei}  I don't see any outstanding spike
[15:23] {Threei}  15:07 is one more or less
[15:23] {Geo} y
[15:32] {wishbone} vad...still in slw?
[15:33] {Threei}  yeah
[15:33] {Threei}  scalping UAUA on bounces meanwhile
[15:33] {Threei}  observe it a little, it's quite obeying
[15:33] {Geo} unlike us.... vad sticks to his stops
[15:34] {magoo} uaua entry?
[15:34] {Threei}  can't give it in time
[15:34] {Threei}  either you get a feel for it or stay away
[15:35] {Threei}  this is good point for market to bounce
[15:35] {Threei}  if it doesn't use it, can drop like a stone
[15:35] {Threei}  so it better
[15:38] {dino} bday -317
[15:38] {dino} never see +317
[15:38] {dino} 3:40 bounce time coming
[15:38] {Threei}  ok market
[15:38] {Threei}  now or never
[15:40] {Threei}  out SLW
[15:40] {wishbone} out -.09
[15:41] {magoo} q lonmg bounece vad}/
[15:41] {Threei}  feels to me yes but I prefer to scalp UAUA
[15:41] {Threei}  got 14 cents
[15:44] {dino} thers the 100 pt bounce
[15:44] {dino} theres
[15:44] {magoo} nuts
[15:44] {Threei}  you took anything for bounce mags?
[15:44] {magoo} aapl fom .40 to .84
[15:44] {Threei}  kewl
[15:44] {magoo} 500
[15:44] {Threei}  even kewler
[15:45] {magoo} watching amzn here,,u?
[15:45] {Threei}  no
[15:45] {Geo} man the last hour is the hour of power these days
[15:45] {magoo} i dont have a read on UAUA
[15:45] {magoo} need a call on that
[15:45] {Threei}  UAUA is a beautiful scalping vehicle
[15:46] {magoo} where u entering? like .14
[15:46] {Threei}  it changes all the time mags...
[15:46] {magoo} i just dont see it
[15:46] {Threei}  last one was .28 - .39
[15:46] {Threei}  observe it a bit, papertrade a few times, you'll get a feel for it
[15:47] {Geo} laser has papertrade/
[15:47] {Geo} ?
[15:47] {Threei}  ?
[15:47] {Threei}  you have paper?
[15:47] {magoo} ???
[15:47] {Geo} no
[15:47] {Geo} so asking
[15:47] {Threei}  I'll try again...
[15:47] {Threei}  you have paper, as in paper sheet? :)
[15:47] {Geo} sheesh
[15:48] {Geo} medieval
[15:48] {Threei}  come on
[15:48] {Threei}  not everything must be so technologically advanced
06[15:48] * Geo takes out his iphone
[15:48] {Threei}  mark mental entry
[15:48] {Threei}  marke mental exit
[15:48] {Threei}  how hard can it be? :)
[15:54] {Threei}  one more leg down UAUA
[15:54] {Threei}  for entry
[15:54] {Threei}  or uptick from here if market jumops
[15:54] {Threei}  this is usually its variables
[15:55] {Threei}  gotta be very fast with it
[15:56] {magoo} dam..went for it at .20 missed fill
[15:56] {Geo} in .22 out .39
[15:56] {Geo} 500 sh
[15:56] {Threei}  try to give it couple cents when you decided on an entry zone
[15:56] {Threei}  .22 was it
[15:56] {Threei}  geo got it
[15:56] {Threei}  I mean your idea of entry was right
[15:56] {Geo} see i did 500 paper trades
[15:56] {Threei}  just give it couple cents abiove market for entry
[15:57] {Geo} as in stop limit?
[15:57] {Threei}  right
[15:57] {Geo} yeah that what i did 
[15:57] {Geo} coDol TY v
[15:57] {Geo} COOL
[15:57] {Geo} oops
[15:57] {Threei}  its manner to teleport lraves you behind if you try for too exact entry
[15:57] {Threei}  lraves = leaves
[15:58] {Threei}  getting a feel for it mags?
[15:58] {dino} mscc
[15:58] {magoo} weird vad..i hit aapl 3 for 3..easy to  see for me
[15:58] {magoo} but cant get UAUA
[15:58] {Threei}  okay :)
[15:58] {Threei}  stay with what you can read
[15:58] {Geo} i think magoo reads aapl amazing
[15:58] {Threei}  pretty much
[15:59] {Threei}  AAPL, AMZN, RIMM
[15:59] {Geo} real laid off 7%
[15:59] {Threei}  these stocks can be amazingly readable
[15:59] {Threei}  not always but often
[15:59] {magoo} my last aapl was back in 90.14 out .74 
[15:59] {Threei}  back in 1990?
[16:00] {magoo} huh?
[16:00] {Threei}  [15:59] {magoo} my last aapl was back in 90
[16:00] {Threei}  pulling you leg
[16:00] {Geo} ummmm
[16:00] {Threei}  okay guys
[16:00] {wishbone} good nite all
[16:00] {Threei}  not a stellar but fairly nice day
[16:00] {Geo} excellent day vad....... thanks
[16:00] {lisa_jay} Thanks Vad.
[16:00] {Threei}  thank you all
[16:00] {Threei}  have a good evening
06[16:01] * peterg slaps Threei around a bit with a large trout
[16:01] {Threei}  see you tomorrow
[16:01] {peterg} yhou too vad
06[16:01] * Geo slaps Threei around a bit with a large wad of cash
[16:01] {Threei}  that's a slap I love
[16:01] {magoo} ty all..i may be out chasing ole mopssybackl smokey ghost tomorrow
[16:01] {peterg} geo,  gimme somma dat
[16:01] {Threei}  do away with that obsolete trout already
06[16:01] * magoo slaps Threei around a bit with a large trout
[16:01] {dptl} have a good evening all
[16:01] {peterg} i shall always cherish and use the fish
[16:01] {Threei}  dp :)
[16:01] {Geo} email me and ill reply back with file and instructions
[16:02] {Threei}  I'll edit it off the log geo
[16:02] {Threei}  lest you get wave of spam :)
[16:02] {Geo} sure.... thanks vad
[16:03] {Threei}  fish is good peter, but look at this:
[16:03] {peterg} nite all; emailed geo thanks
[16:03] {peterg} wating
[16:03] {magoo} how we update??
06[16:03] * Threei slaps peterg around a bit with a large book of modern slaps, technologically advances and overall awesome
[16:03] {peterg} Im gonna get me one too vad
[16:03] {Threei}  give geo your e-mail mags
[16:04] {peterg}  i want to hit people with a turquois 57 chevy impala convertible
[16:04] {peterg} i means slap of course
[16:04] {peterg} nite all
[16:05] {magoo} dcc geo
[16:05] {dino} gn all

Wednesday, December 3, 2008

Dec 03 2008

Not hugely active but very nice day. Mostly scalps, just couple stops, and quite a few easy profitable ones. Kind of routine day - take them, keep your stops, sell them when they spike and stall

Session Time: Wed Dec 03 00:00:00 2008

[07:49] {patience} Happy Birthday Vad   :)))))
[08:08] {Threei}  Good morning, and thank you :)
[08:09] {patience} cake this afternoon?
[08:09] {Threei}  do they make protein cakes yet?
[08:10] {patience} yes, entirely made out of chocolate
[08:10] {patience} that's protein isn't it
[08:10] {Threei}  hmmm
[08:38] {hawkfan4} good morning, n Happy B-day Vad :)
[08:39] {Threei}  thank you hawk :)
[08:52] {lisa_jay} Happy Birthday Vad.
[08:53] {Threei}  thank you lisa
[08:58] {ese} good morning....back after 2 early morning school christmas concerts   ....hows life on the board
[08:58] {ese} vad is it your birthday?
[08:59] {Threei}  hi ese
[08:59] {Threei}  yeah
[09:00] {Threei}  yesterday was great
[09:00] {ese} well well.....happy birthday.......shiskabob party????
[09:00] {Threei}  thank you
[09:00] {Threei}  nah
[09:00] {Threei}  need more solid reason
[09:01] {ese} ahhhh
[09:02] {Threei}  btw guys,
[09:02] {Threei}  if you miss a day and want a brief summary of what happened,
[09:02] {Threei}  trading logs start with little blurb
[09:03] {Threei}
[09:03] {ese} is that on the web site vad?
[09:04] {Threei}  address above :)
[09:05] {dino} gm all, missed a wild monday i see
[09:05] {Threei}  dino :)
[09:06] {ese} you and me both dino
[09:06] {Threei}  makes three of us
[09:06] {dino} yeah, and i was looking for it, remember my mark up call last week
[09:07] {dino} happy b-day vad
[09:08] {Threei}  thank you
[09:08] {dino} hmm did we fill the 8046 gap monday?
[09:10] {Onix} Good morning all
[09:11] {Threei}  onix :)
[09:12] {Geo} gm
[09:12] {Threei}  geo :)
[09:12] {Onix} hi geo
[09:13] {wishbone} gm all
[09:14] {Threei}  wishbone :)
[09:16] {dptl} Happy B-day Vad :)....and good morning all
[09:16] {Threei}  ty dp :)
[09:16] {Geo} hey happy bdday 
[09:16] {wishbone} dito
[09:16] {Geo} how young?
[09:17] {Threei}  94
[09:17] {Threei}  oops, 47
[09:17] {Threei}  forgetting one year for two rule
[09:17] {Onix} hi wishbone
[09:17] {Geo} 47 sheesh
[09:17] {Geo} so i guess this chatroom is arounf for another 50
[09:18] {wishbone} hey onix
[09:18] {lisa_jay} You look younger in your photots...thought you were around 42- 43.  
[09:19] {Threei}  and I feel 34
[09:19] {lisa_jay} :-)
[09:21] {KSystems} Good morning!
[09:21] {Onix} hi ks
[09:21] {KSystems} And happy b-day Vad :)
[09:21] {Threei}  ty KS
[09:29] {Threei}  just as yesterday, let's skip first minutes
[09:34] {Threei}  OK, shapes up as buy pullbacks so far
[09:35] {Threei}  QQQQ if pulls back closer to .15
[09:35] {Threei}  UAUA closer to .10
[09:38] {Threei}  not much of pullbacks
[09:39] {Threei}  UAUA worth a try
[09:39] {Threei}  any sttrrength from here
[09:39] {Threei}  stop under .10
[09:40] {Threei}  in .223
[09:41] {Threei}  half out .34
[09:43] {Threei} Long Setup:  QQQQ  .43 if stays above .35
[09:44] {ese} I get this feeling that there will be a consistent rally one of these days.....even with Bernake's inate ability to not calm the markets....the markets seem to be shrugging off his I on the right track with those thoughts Vad??
[09:44] {dino} wmt sm l .99
[09:44] {Threei}  pretty much ese
[09:45] {ese} tks.....
[09:47] {peterg} morfning & happy b=day
[09:47] {Threei}  ty peter
[09:47] {ese} Anybody got any hedge fund stats....have they unloaded pretty much all that they can unload.....
[09:47] {peterg} q still a buy?
[09:47] {dino} fdo sm l .50
[09:47] {Geo} i read an article that only 50% unloaded
[09:47] {Geo} lemme search it
[09:48] {ese} tks geo.......
[09:48] {Threei}  hate to chase thing peter
[09:48] {peterg} k
[09:48] {Geo}
[09:49] {Threei}  stopped
[09:49] {wishbone} stopped uaua qqq
[09:49] {Onix} stopped
[09:50] {ese} tks geo......just clicked on it and got the article
[09:52] {dino} fdo to b/e, mrk drop, keep tight
[09:53] {dino} stopped fdo flat
[09:55] {dino} wmt stopped .69 -.30
[09:56] {Threei}  not much rythm to the action so far
[09:57] {dino} then put some tunes on
[09:57] {peterg} Listen to the Rythm of the Falling Rain.....
[09:58] {dino} lincoln park
[09:58] {dino} linkin' i think
[09:58] {dino} real or fake bounce
[10:00] {lisa_jay} fake?
[10:00] {dino} fake
[10:00] {Threei}  - Non-Mfg Prices Paid Index: 36.6 v 53.4 in Oct
[10:00] {Threei}  - Employment: 31.3 v 41.5 in Oct
[10:00] {Threei}  - New Orders Index: 35.4 v 44.0 in Oct
[10:03] {lisa_jay} What was that ramp?
[10:03] {Threei}  no idea
[10:03] {Geo} amzn 
[10:03] {Threei}  watching it too
[10:04] {Threei}  oddly strong
[10:04] {Threei}  worth a try but entry point is tough to find
[10:07] {Threei}  anyone took it?
[10:07] {lisa_jay} No I.
[10:08] {lisa_jay} Sorry Not I.
[10:08] {peterg} for 5cents
[10:08] {wishbone} -
[10:08] {peterg} chickened out fast
[10:09] {Threei}  RIMM
[10:09] {ese} anyone on the board have positions in DRYS...dryships bulk containers......just looking at that stock and it has a huge cash position.....can take of debts until 2010 at least
[10:09] {Threei}  nice pullback into support
[10:10] {dino} nope, but baltic index drops again
[10:10] {Threei}  .60 long with stop; under .40
[10:10] {ese} tks dino
[10:11] {dino} has info on it, something like current levels drys losing money, they don't have 50% of rates lockied in on 2009, so looks glum, also secondary coming i think
[10:11] {wishbone} dino what is ticker fot baltic index?
[10:12] {Threei}  over 1:1 RIMM
[10:13] {dino} www,
[10:13] {Geo} stop vad?
[10:13] {Threei}  ?
[10:13] {wishbone} ty
[10:13] {Geo} modified stop
[10:13] {Threei}  under b/e as usual
[10:13] {Geo} i am now just under sntry
[10:13] {Geo} ty
[10:15] {Threei}  over 1:2
[10:16] {Onix} ty Vad i got .38 in RIMM
[10:16] {KSystems} Vad, do you usually move your stop for the remaining portion to b/e on 1:1?
[10:16] {Geo} all out 92   30 cents TY vad
06[10:16] * magoo slaps Threei around a bit with a large trout
[10:17] {Threei}  good morning to you too magoo
[10:17] {Threei}  welcome geo
[10:17] {dino} gj guys
[10:17] {Threei}  ks, that's the routine... half out, stop to b/e
[10:17] {KSystems} allright...i dont trade, just trying to get the feeling
[10:18] {KSystems} thanks
[10:18] {Geo} market tight range
[10:22] {magoo} happy birthday vad!
[10:22] {Threei}  ty mags
06[10:22] * Geo slaps Threei around a bit with a large protein cake
[10:22] {Threei}  yum
[10:23] {Chaeron} Happy Birthday Vad... many many more...
[10:23] {Chaeron} good morning all
[10:24] {Threei}  ty chaeron
[10:26] {Threei} Long Setup:  AMZN  .25 if stays above 44
[10:27] {magoo} in vad
[10:27] {wishbone} in .23
[10:28] {Threei}  half out .55
[10:28] {Threei}  scalpers know what to do
[10:29] {magoo} C big climb
[10:29] {Threei}  yeah
[10:29] {magoo} waiting .68
[10:30] {Threei}  I kind of forgot about it, lol
[10:30] {ese} most solars turning positive......had the you know what kicked out of them enough i quess
[10:30] {KSystems} look at rimm :=
[10:30] {wishbone} +.13, .27 ty vad
[10:30] {KSystems} :)
[10:30] {magoo} out AMZN here .61 TY vad
[10:30] {Threei}  welcome guys
[10:32] {Geo} all out .60
[10:32] {Geo} TY vad
[10:32] {Threei}  :)
[10:33] {ese} long GENZ. 01
[10:33] {ese} 1/2
[10:35] {Threei}  DOE CRUDE: -456K V +1.2ME; GASOLINE:
[10:35] {ese} stop .75
[10:35] {Threei}  GASOLINE: -1.5M V +1ME; DISTILLATES: -1.7M V +500KE;
[10:37] {ese} stopped.....rats....
[10:37] {ese} -.26 on 1/2 lots
[10:38] {ese} 1 1/2 lots that is
[10:38] {ese} what is with this computor...puts letters in when you don't type them....
[10:39] {Threei}  ghost?
[10:39] {Threei}  GM formed C&H on 1 min with .86 long trigger
[10:40] {magoo} in GM
[10:40] {ese} look at this move by GENZ.......this is the thing that causes you to drink......
[10:40] {magoo} AMZN pulled back vad
[10:40] {Threei}  with weird array of possible stops: under .80, .75 and .70, all valid
[10:41] {dino} wmt l .94
[10:41] {Threei}  not sure about AMZN here mags
[10:41] {ese} vodka not less
[10:42] {ese} thats "no less"
[10:42] {magoo} ok
[10:42] {Threei}  GM 1:1 for the tightest stop
[10:46] {magoo} waiting .99
[10:46] {magoo} screw  it OUT .96
[10:46] {magoo} TY vad
[10:46] {Threei}  lol
[10:46] {Threei}  welcome
[10:47] {Chaeron} pru
[10:47] {ese} ok ok ok....GENZ is now starting to look like one of the patterns in Vads too soon....iknow i know!!!!
[10:47] {magoo} i did not kill a deer..but i just killed 3 trades  lol
[10:47] {Threei}  so now you can buy a deer someone else has killed
[10:47] {Threei}  that's what they call labor separation
[10:47] {Geo} lol@vD
[10:48] {Geo} vad
[10:48] {magoo} yeah..and prop it up in woods and shoot it again
[10:48] {Geo} ok magoo has it
[10:48] {Threei}  lol
[10:48] {ese} long GENZ .95
[10:51] {Geo} dino..... I wanted to thank you for you input on the stops
[10:51] {Geo} i realized i am also not wired for mental/manual stops
[10:51] {Threei}  I don't even understand what it means :)
[10:52] {Geo} i have been using a diff platform which automaticall throws out stops at 20 cents and i can adjust it with one click
[10:52] {Threei}  your stop is hit, you click sell
[10:52] {Threei}  what to be wired or not for
[10:52] {Geo} funnily enuff i am consistent last 2 weeks hitting my 1x almost every day
[10:52] {Chaeron} he means that his wires aren't connected
[10:52] {Geo} unlike machines like you vad i hope and pray in manual
[10:53] {Geo} in automatic i just curse and move on
[10:53] {Threei}  the way I see it Geo:
[10:53] {lisa_jay} Vad the trading robot...can I buy one for $100K?
[10:53] {Geo} i am in line too
[10:53] {Threei}  it;s better to use automatic than to blow stops,
[10:53] {Geo} yup
[10:53] {Threei}  but
[10:53] {Threei}  your goal as you evolve is to become a trader
[10:54] {Geo} gimme time vad 
[10:54] {Threei}  in a sense of working out right mindset
[10:54] {Threei}  which manifests itself in a lot of things, not stops only
[10:54] {Geo} right now..... i just want to earn while learn lol
[10:54] {Threei}  so you are running into question:
[10:55] {Threei}  will you form that mindset if you took this part of learning curve out of equation in full?
[10:55] {Threei}  won't it work like antibiotics
[10:55] {Threei}  that cure today's problem
[10:55] {ese} Grrrrrrrr....revenge trade......out GENZ .28
[10:55] {Geo} nice eze....
[10:55] {Threei}  while killing your body's ability to resist on it's own?
[10:55] {Threei}  or, better way to put it would be
[10:55] {ese} +.33 on 3/4 lot........grrrrrrrrrrrrrrr
[10:55] {lisa_jay} Wow...never thought about it that way.
[10:55] {Threei}  not letting your body to learn to resist on its own
[10:56] {Geo} the way i look at it..... vad.... i cant resist cheesecake
[10:56] {Geo} so i dont buy it
[10:56] {Threei}  okay :)
[10:56] {Geo} rather than buy and not eat
[10:56] {lisa_jay} I know myself...and i do not have strong self-control.
[10:56] {wishbone} hmmmmmm....cheesecake!
[10:56] {Geo} easier level of resistence control
[10:56] {lisa_jay} Can't say NO! :-)
[10:56] {ese} discllaimer........THIS METHOD IS NOT TAUGHT IN VADS' REALITY TRADER BOOK"
[10:57] {Geo} the cheesecake antibiotic method?
[10:57] {ese} don't try this at home......
[10:57] {lisa_jay} So it is mechanical stops for me.
[10:57] {Geo} but beware... platforms which use mechanical stops... in my opinion have more entry exit slippage
[10:58] {Geo} i justified that by thinking its still wayyyy less than my mind not holding stops slippage
[10:58] {Geo} lol
[10:58] {dino} out wmt .46, +.52
[10:58] {Threei}  to me, this comes to a matter of using crutches
[10:58] {Geo} vad youre right
[10:58] {Geo} we all do
[10:58] {Geo} we drive rather than run to work
[10:58] {Threei}  necessary while legs are recovering from trauma
[10:58] {wishbone} nice dino
[10:59] {Geo} running might make us healthy
[10:59] {Threei}  but you don't intend to use crutches your entire life, right?
[10:59] {Geo} nope
[10:59] {dino} ty wish
[10:59] {Geo} i intend to get out of the car and run a little till i feel confident
[10:59] {Threei}  gotta start walking on your own
[11:00] {Geo} but right now vad..... just want to say my fisrt consistent 2 weeks touching 1x average weekly basis
[11:00] {Geo} thanks guys 
[11:00] {Geo} learnt a lot in this room
[11:00] {Geo} and no am not leaving :)
[11:00] {magoo} did u learn this?
06[11:01] * magoo slaps Geo around a bit with a large trout
[11:01] {Threei}  what do you mean you are not leaving?
06[11:01] * Geo slaps magoo around a bit with a large deaD DEER
[11:01] {Geo} I USED "LEARNT"
[11:01] {Geo} oops
[11:01] {magoo} club shot 2 coyotes and a bear
[11:01] {magoo} and we killed 3 kegs lol
[11:01] {Threei}  opld russian joke about your governor in a public bus
[11:01] {Geo} your wooden club shoots dino?
[11:02] {Threei}  someone behind him asks him if he gets out on the next stop
[11:02] {Threei}  he says yes
[11:02] {Threei}  guy asks What about those in front of you?
[11:02] {Threei}  he says Yas, they do too, they just don't know it yet
[11:02] {Geo} lol
[11:03] {magoo} vad, great movie about russian - german conflict ww2...enemy at the gates 
[11:03] {dino} lol
[11:04] {magoo} u ever see it?
[11:04] {Threei}  trying to remember
[11:04] {Threei}  I remember I was going to
[11:04] {Threei}  wow GM
[11:04] {magoo} aesome...russian sniper against a german one
[11:04] {Threei}  no news that I see
[11:05] {Threei}  ahha
[11:05] {Threei}  yes, saw it
[11:05] {dino} cvx sm l .50
[11:07] {wishbone} What did one snowman say to the other?
[11:07] {ese} ?????
[11:07] {wishbone} smells like carrots
[11:08] {ese} hmmmmmm
[11:11] {dino} bj l .77
[11:13] {Threei}  Canadian prime minister to address the nation today on TV
[11:13] {ese} haven't heard of that one before dino......wholesale club....
[11:13] {ese} nice trade though
[11:14] {ese} what type of chart do you follow dino..... 1min 5 min 3min?
[11:14] {dino} bj stop to .00
[11:14] {ese} thing of beauty dino
[11:15] {dino} \out bj .,00, +.23
[11:15] {wishbone} nw dino
[11:16] {dino} ty
[11:23] {dino} out cvx .60, +.10, oils are tough lately, imo
[11:26] {Geo} mbi has a nice entry
[11:37] {dino} bj l .60
[11:41] {dino} going for hod
[11:41] {dino} markets
[11:45] {Threei}  BRCM
[11:45] {Threei}  watching for pullback entry
[11:46] {Threei}  15 nearest support
[11:47] {Threei}  missed .08
[11:47] {Threei}  don't want to chase
[11:47] {Threei}  first market strength from here
[11:48] {Threei}  BRCM needs market support
[11:49] {Threei}  in
[11:49] {magoo} in
[11:49] {wishbone} in
[11:51] {Threei}  come on NASDAQ, you know you want to retest the high
[11:51] {Chaeron} in
06[11:52] * Threei kicks NQ in the rear
[11:52] {magoo} weheres your exit?
[11:52] {Threei}  want to partial near .20
[11:58] {Threei}  {GM F}
[11:59] {Threei}  half out BRCM .19
[12:00] {magoo} how many  take?
[12:00] {Threei}  2
[12:00] {magoo} me too
[12:00] {dino} out bj .72 +.12 lousy entry
06[12:01] * Threei reiterates kick to the NASDAQ rear - get up and go, you lazy bum
[12:03] {dino} dino keeps hearing a "thud" at his door, thinks 3i missing his mark w/boot
[12:03] {Threei}  rofl
[12:03] {Threei}  it can happen, I am known to be somewhat indiscretionary with my kicks
[12:04] {Threei}  liking the bvery process of kicking too much to care about the precise subject of kicking
[12:05] {Threei}  "with good kicking techniques, bum will present itself"
[12:05] {Threei}  stop for BRCM balance is under .05
[12:06] {dino} not, calling me a bum, :)
[12:06] {Threei}  lol
[12:09] {Threei}  GE
[12:09] {Threei}  bounce scalp candidate
[12:10] {magoo} mkts falling here a little bit vad
[12:10] {Threei}  yup
[12:10] {Threei}  BRCM holding rather well
[12:11] {magoo} im out..but may reentter
[12:15] {Threei}  GE
[12:15] {Threei}  in .53
[12:15] {Threei}  stop under .40
[12:15] {Threei}  half lot
[12:16] {Threei}  1:1
[12:17] {Threei}  out .67
[12:17] {Threei}  anyone?
[12:17] {peterg} yep, ty
[12:17] {peterg}  made my few cents.
[12:17] {magoo} missed
[12:18] {magoo} sorry
[12:18] {magoo} was rreading real money
06[12:18] * Threei slaps whole room except peter around a bit with large cap of strong coffee
[12:18] {magoo} and failed to make "real money"
[12:18] {dino} how ironic
[12:19] {Threei}  out BRCM balance
[12:19] {wishbone} stopped brcm
[12:22] {dino} bj l .20
[12:24] {dino} out .32, +.12
[12:25] {peterg} nice
[12:25] {dino} ty
[12:31] {magoo} BRCM looks good here vad?
[12:32] {Threei}  hard to tell... pretty much depends on what market does from here
[12:32] {Threei}  and that's not very clear
[12:32] {dino}  layn l .50
[12:55] {dino} fdo l .49
[13:00] {Threei}  toal stall
[13:00] {Threei}  total
[13:02] {dino} out layn .705, +.205
[13:03] {magoo} waiting on beige book i guess
[13:03] {magoo} gonna be real bad
[13:03] {magoo} but mkt expects it to be real bad
[13:03] {Threei}  hard to imagine it being any other
[13:03] {dino} what time?
[13:04] {magoo} 2
[13:04] {Threei}  let me rephrase
[13:05] {Threei}  hard to imagine beige book being any other color than pitch black
[13:05] {magoo} if IF mkt shakes it off...we be in end of year rally mode 
[13:06] {Threei}  that's what I hope for
[13:06] {Threei}  not because rally is the only hing we can trade,
[13:06] {Threei}  rather because that's the turn of event that will be the easiest to read
[13:09] {Chaeron} I like easy
[13:09] {Threei}  who doesn't
06[13:18] * magoo slaps Chaeron around a bit with a large trout
06[13:20] * Chaeron slaps magoo around a bit with a large trout
[13:24] {dino} fdo stopped -.19
[13:24] {dino} bj s .75
[13:28] {magoo} vad, whats lasers symbol for the spx please?
[13:29] {Threei}  "/sp8z"
[13:31] {magoo} no worky
[13:31] {Chaeron} gotta sign up for futs
[13:32] {Chaeron} smack LaserDave for that
[13:32] {magoo} ah
[13:32] {Threei}  you may not have CME feed then
[13:32] {magoo} ah ah
[13:32] {Chaeron} yeah... that
[13:36] {dino} cov bj .64., +.11
[13:41] {dino} bj s break of .50
[13:59] {magoo} seconds away
[14:00] {magoo} i can't take  it
[14:00] {magoo} DISMAL
[14:00] {dino} fdo l .11
[14:01] {Threei}  no really?
[14:03] {dino} shocking
[14:03] {magoo} stunning
[14:04] {Threei}  - Tougher conditions existed for car buyers in 5 regions
[14:04] {Threei}  - Mining and energy production declining, sees weakness in comercial real estate markets
[14:04] {Threei}  - Most districts had weak housing markets, with low but stable activity
[14:04] {Threei}  - Notes that labor markets are becoming weaker, with price pressures coming down
[14:04] {Threei}  - Retail sales down, vehicle sales down more so
[14:04] {Geo} gs
[14:04] {Threei}  I am both, shocked and stunned
[14:07] {Threei}  trying to gauge market's reaction
[14:07] {Threei}  although it feels like it's non-event at all
[14:08] {Chaeron} so we're going to list aimlessly til year end?
[14:11] {Threei}  why?
[14:12] {Threei}  there are a lot of things to happen yet, to kill or prop the markets
[14:12] {Threei}  GM develoments for instance
[14:15] {Threei}  no floor?
[14:16] {dino} all l .55
[14:21] {dino} out fdo .33, +.22
[14:21] {wishbone} nice dino
[14:22] {Threei}  - Quantitative measures could mean monitizing debt.
[14:22] {Threei}  - Fed must tread carefully if monizing US debt.
[14:22] {Threei}  - Reiterates that the Fed should not provide aid for automakers
[14:25] {dino} out all .85, +.30
[14:25] {dino} ty wish
[14:27] {Geo} wow NQ move
[14:27] {Geo} you trading/watching vad?
[14:28] {Threei}  beaiting myself up for missing UAUA
[14:29] {Geo} ok :)
[14:30] {dptl} have a good evening all...leaving early
[14:31] {Threei}  slacker
[14:31] {Threei}  take care :)
[14:31] {dptl} :)
[14:32] {Chaeron} yeah... dp was here when you were on vacation and you call HIM a slacker
[14:32] {Threei}  that's what I do
[14:32] {Threei}  call people names
[14:32] {Threei}  blame them for my own faults
[14:32] {Threei}  you have anything against this??
[14:32] {dino} layn l .75
[14:34] {dino} fdo l .50
[14:34] {magoo} seems mkt no care about beiuge
[14:42] {magoo} uh vad? what u doin?
[14:43] {Threei}  trying to find something tradable?
[14:44] {Threei} Long Setup:  ADBE  .20 break
[14:44] {Threei}  half lot
[14:46] {Geo} stop under 10?
[14:46] {Threei}  last pullback bottomed out at .09
[14:46] {Geo} y
[14:48] {dino}  out layn .99, +.24
[14:50] {Threei}  1:1
[14:50] {Threei}  half out
[14:50] {Threei}  stop to under .20
[14:51] {Threei}  yawn
[15:02] {Threei}  both UAUA and ADBE are bounce candidates
[15:03] {Geo} i am carefull
[15:03] {Geo} bonds on high of day 
[15:03] {Geo} hitting hard
[15:03] {Threei}  just scalps if you go for entries
[15:03] {Geo} ok
[15:04] {wishbone} what does bonds on high of daymean geo?
[15:04] {Threei}  took .03 ADBE and .74 UAUA
[15:05] {dino} interest rates dropped
[15:06] {Threei}  out UAUA +.14
[15:06] {magoo} waiting .93
[15:07] {Geo} out UAUA 10 cents thanks
[15:07] {Threei}  out ADBE +.13
[15:07] {Geo} couldnt do 2 :)
[15:07] {Threei}  easy money
[15:07] {Geo} but happy with my day.......
[15:07] {Geo} also wishbone bonds on high usually tamps down stocks for a little while
[15:08] {Geo} flight to safety
[15:08] {magoo} out UAUA TY vad
[15:08] {Geo} i personally use it as a signal
[15:08] {wishbone} ok ty
[15:08] {Threei}  welcome guys
[15:08] {Threei}  nice scalping footwork
[15:08] {Geo} learned from the bdday guy
[15:08] {Threei}  very safe and with immediate gratification
[15:09] {magoo} out ADBE here TY vad
[15:09] {Threei}  :)
[15:12] {dino} gme l .50
[15:22] {dino} out gme .65, +.15
[15:27] {magoo} wghat u doin?
[15:27] {Threei}  sheesh
[15:27] {Threei}  scared me
[15:27] {Threei}  nothing
[15:28] {Threei}  market is locked in a very narrow range
[15:28] {Threei}  ADBE starts looking like short on 22 break
[15:31] {dino} whipping around +70-+20 crazy
[15:31] {Geo} adbe valid vad?
[15:31] {Geo} whats the invalidating?
[15:32] {Geo} .1`5?
[15:32] {Threei}  just need it to consokidate a bit tighter
[15:32] {Geo} nice wedge on Qs
[15:34] {dino} here comes +70
[15:35] {dino} breakout
[15:35] {Threei}  for sure invalidated now
[15:37] {dino} fdo out ave. +.10
[15:41] {dino} layn l .90, gappy careful
[15:44] {Geo} .
[15:51] {Geo} anyone trading
[15:51] {Geo} ?
[15:51] {Geo} i am just scalping NQ
[15:51] {patience} what to trade?  not my style
[15:51] {Geo} ok
[15:52] {Geo} where do i sign up?
[15:52] {Threei}  they'll buy houses?
[15:52] {dino} y
[15:54] {wishbone} vad for previous scalp on bounce of uaua and adbe [12:03]. what was stop?
[15:55] {Threei}  just under nearest support for both
[15:55] {Threei}  under 22 for ADBE
[15:55] {Threei}  under .70 for UAUA
[15:55] {wishbone} ty
[15:55] {Geo} in ADBE !
[15:55] {Geo} oh not  a call out
[15:55] {Threei}  ?
[15:56] {Geo} just kidding
[15:56] {wishbone} lol
[15:56] {Threei}  geo... starting drinking early today? :)
[15:56] {Geo} i only drink wheatgerm
[15:56] {Geo} (with vodka)
[15:56] {Threei}  Ok guys, thank you all
[15:56] {Threei}  have a great evening,
[15:56] {Threei}  see you tomorrow
[15:56] {wishbone} ty good nite all
[15:56] {magoo} ty vad
[15:57] {Geo} thanks vad..... 
[15:57] {KSystems} good night!
[15:57] {dino} have a happy bday vad
[15:57] {Threei}  thank you, I will

Tuesday, December 2, 2008

Tue Dec 02 2008

Little vacations do wonders. Just three days away, and the vision has this miraculous clarity... 6 calls, 6 winners - does it get better than this?

Session Time: Tue Dec 02 00:00:00 2008

[06:51] {KSystems} Bernanke Asserts Rate Cuts Alone Won't Cure Economy
[08:32] {Threei}  Good morning
[08:32] {Threei}  so, I go away for the weekend, and look what you guys do... drop Dow over 600 points, political coup in Canada
[08:33] {Threei}  tsk tsk tsk
[08:44] {Threei}  - Declines below 700 for the first time since 1986{DRYS DSX EGLE}
[09:00] {lisa_jay} Good Morning
[09:00] {Threei}  morning lisa
[09:00] {KSystems} Morning!
[09:01] {Threei}  KS :)
[09:03] {KSystems} Did you enjoy the weekend?
[09:03] {Threei}  very much
[09:03] {Threei}  amazing landscapes
[09:03] {KSystems} if you're going to upload some photos
[09:03] {Threei}  huge waves smashing the rocks
[09:03] {KSystems} please share :)
[09:03] {Threei}  I will
[09:04] {Threei}  I just need 48 hours days
[09:04] {Threei}  24 is not enough
[09:07] {Geo} gm
[09:07] {Threei}  Geo :)
[09:08] {Geo} laserdave was missing you vad
[09:08] {Threei}  did he cry?
[09:08] {Geo} almost
[09:09] {Threei}  I am glad I invoke such strong emotions in people...
[09:09] {Threei}  I just wish this impact was limited to females
[09:09] {Threei}  who needs to see crying man, really
[09:13] {Threei}  this time Ford CEO is not flying but driving down, and in hybrid car
[09:13] {Threei}  sigh
[09:14] {peterg} Good morning and welcome back!
[09:15] {Threei}  hi peter, thank you
[09:15] {peterg} I have a special inside bit of info for this room alone
[09:15] {peterg} Watch RIMM
[09:15] {peterg} I am going to cancel my contract for the Storm
[09:15] {peterg} I dont need it and wont use it
[09:15] {Threei}  uh oh
[09:15] {peterg} dont need to spend the extra bux
[09:15] {Threei}  poor RIMM
[09:16] {peterg} going to try to do it before mkt opens--brb
[09:18] {wishbone} gm all
[09:18] {Threei}  wishbone :)
[09:21] {Onix} Good morning all
[09:21] {Threei}  onix :)
[09:25] {Threei}  want to skip first minutes, see how nervous market is
[09:31] {peterg} RiMM must have heard I canceled
[09:31] {Threei}  yup
[09:31] {Threei}  thank you for warning
[09:31] {peterg} pleasure
[09:39] {Threei} Short Setup: AMAZN  small share 40.20
[09:39] {Threei}  AMZN
[09:39] {Threei}  if stays under .50
[09:40] {Threei}  .50 break can serve as a long trigger for a scalp if not losing .30 anymore
[09:40] {Threei}  triggered on a short side
[09:40] {Threei}  stop above .40
[09:41] {Threei}  lol, almost hit 1:1 while I was typing
[09:41] {Threei}  cover half here, scalpers take profit
[09:41] {Threei}  over 1:1
[09:41] {tomg} ty vad
[09:41] {Threei}  1:2
[09:41] {Threei}  welcome tome
[09:42] {tomg} out 1:2
[09:42] {Threei}  tom, sorry
[09:42] {tomg} :)
[09:43] {Threei}  RIMM bounce time soon
[09:43] {Threei}  quick flush under 37
[09:44] {Threei}  too fast to post entry... scalped 36.93 - 37.23
[09:45] {tomg} 37.03 - 37.23 for me, ty vad
[09:45] {Threei}  beauty
[09:45] {Threei}  AMZN down fyull dollar from short trigger
[09:46] {Threei}  but we stinkin' scalpers had to cover too soon as always
[09:47] {Threei}  feels like strong snapback is coming
[09:47] {Threei}  short lived but strong
[09:49] {Threei}  searching for entries
[09:49] {Threei} Long Setup:  AMZN  39.10 small shares
[09:50] {Threei}  half out
[09:50] {Threei}  offer the balance above .60
[09:51] {Threei}  out in full
[09:51] {tomg} out amzn ty vad
[09:51] {Threei}  scorching hot today tom, eh
[09:52] {Threei}  AMZN was funny... hit profit zones before I could type the stop, lol
[09:52] {tomg} need to cool off :)
[09:52] {Threei}  why not... 3 for 3 in first 20 minutes
[09:52] {tomg} got half dollar on amzn :)
[09:52] {Threei}  my snapback came by the schedule
[09:53] {Threei}  yes, and look... we underestimated it again :)
[09:53] {tomg} yep
[09:53] {Threei}  but heck... volatile times, nothing's wrong with 50 cents scalp
[09:53] {Threei}  anyone else is awake?
[09:54] {patience} very much so  :)
[09:54] {Threei}  :)
[09:55] {Onix} seems like I am still fast asleep, could not catch any of your calls this morning
[09:55] {Threei}  gotta wake up, onix...
[09:55] {Threei}  they all moved fast but gave enough time for entry
[09:55] {Threei}  except RIMM bounce which was pretty much arbitrary
[09:58] {Threei}  look at snapback development
[09:58] {Threei}  exactly as planned
[09:58] {Threei}  strong and short-lived
[09:58] {Threei}  I need to take day off more often
[09:58] {tomg} i took some q's when you first saw the snapback coming
[09:58] {Threei}  scalped?
[09:59] {tomg} yep, just about 13 cents, i think
[09:59] {tomg} 5 cent risk
[09:59] {Threei}  go home tom
[09:59] {tomg} ok, i am
[09:59] {Threei}  I mean... 30 minutes in, you are 4 for 4
[09:59] {tomg} won't be here tomorrow or thursday mornings
[10:00] {tomg} thanks, vad, taking your advice, i'm outta here
[10:00] {Threei}  good idea
[10:00] {Threei}  odds will reverse sooner or later
[10:00] {Threei}  you made in 30 minyes more than on majority of day jobs in a day
[10:00] {tomg} logging off to reduce temptation :) have a good one everybody
[10:00] {Threei}  even if you traded 200 shares
[10:01] {Threei}  take care, good going
[10:01] {Threei}  ok, now that I have chased happy customer away... what do you think of my business sense?
[10:02] {Threei}  F
[10:02] {Threei}  {GM}
[10:05] {Threei} Long Setup:  DRYS  4 break if stays above 3.90
[10:09] {Threei}  stop to .94
[10:10] {Threei}  1:1, you know your options
[10:10] {Onix} got .08 in drys ty vad
[10:10] {Threei}  welcome
[10:11] {wishbone} drys +.11-.12 ty3i
[10:11] {Threei}  :)
[10:11] {lisa_jay} 10c on DRYS thanks Vad.
[10:11] {Threei}  good job all
[10:12] {Threei}  nice variety too
[10:12] {Threei}  first calls were on very fast stocks
[10:12] {Threei}  this one gave a lot of time
[10:12] {Threei}  and allowed for much bigger shares
[10:19] {Geo} nice vacation recharge boss
[10:19] {Geo} i am 1.5x right now
[10:22] {Threei}  cool beans
[10:26] {Chaeron} good morning all and welcome back Threei
[10:26] {Threei}  thank you chaeron
[10:26] {Threei}  got back with a bang, too... 4 for 4 this morning
[10:26] {Geo} hey chaer....
[10:26] {Geo} seems every time vad goes on vacation he comes back with a winning streak
[10:26] {Chaeron} hi Geo... dang... and I missed them all
[10:27] {Geo} how about you go on vacation every weekend?
[10:27] {Geo} eh vad?
[10:29] {Threei}  happily
[10:34] {Threei}  watching how UAUA holds here
[10:35] {Threei}  missed 9 break earlier
[10:36] {Threei}  if market breaks high here, I'd grab UAUA aggressively
[10:36] {Threei}  as close to .20 as possible
[10:38] {Threei}  even better... just need market to jump
[10:39] {Threei}  lol
[10:41] {Threei}  in
[10:41] {peterg} uaua?
[10:42] {Threei}  yes, got .15
[10:42] {wishbone} in .17
[10:43] {peterg} mr. stupidfingers got .19
[10:43] {Geo} stop vad?
[10:44] {Threei}  under .10 for scalpers, under 9 for a day trade
[10:45] {Threei}  teleprtation
[10:46] {Threei}  next move should be to above .30
[10:46] {Threei}  where scalpers have their 1:1
[10:57] {Threei}  ok Qs, enough of dribbling... jump already
06[10:57] * Threei slaps laserdave1 around a bit with a large chart of uptrending market
06[10:57] * Chaeron slaps laserdave1 around a bit with a large trout
[10:58] {Threei}  new high
[10:58] {Threei}  your turn UAUA
[10:58] {laserdave1} howdy
06[11:03] * Threei impatiently kicks the market in the rear
[11:09] {Geo} yawn
[11:11] {Threei}  half out UAUA .30
[11:19] {Threei}  nice move over .30 for those with higher entries
[11:19] {Threei}  solidly over 1:1
[11:21] {Threei}  1/4 more out
[11:21] {Threei}  wake up
[11:21] {Threei}  you will sleep through the selling points
[11:21] {Geo} scalped it with regret now
[11:21] {Geo} sorry
[11:21] {Threei}  anyone's still in?
[11:22] {Geo} was trying to preserve the gains from before
[11:22] {Threei}  nothing's wrong with that
[11:22] {Threei}  one thing I do sometimes when I am strongly inclined to protect profit
[11:22] {Geo} ?
[11:22] {Threei}  but tempted by attractively lkooking stock is
[11:22] {Threei}  sell 2/3 or 3/4
[11:23] {Geo} on 1:1?
[11:23] {Threei}  and just leave last small portion alone with stop under b.e
[11:23] {Geo} makes sense
[11:23] {Geo} i have been doing that
[11:23] {Geo} and thought i was chicken
[11:23] {Geo} lol
[11:23] {Threei}  here we go
[11:23] {Geo} so i guess its ok
[11:23] {Threei}  out .50
[11:23] {Threei}  +.35
[11:23] {Geo} nice
[11:23] {Threei}  5 for 5
06[11:24] * Threei slaps Chaeron around a bit with a large shiny airliner
[11:25] {Chaeron} UAUA in .26 out .45 a while ago... sorry... was busy... +.19
[11:25] {Threei}  :)
[11:51] {Chaeron} .
[11:51] {Geo} in UAUA
[11:51] {KSystems} each time someone types '.' Geo enters a trade
[11:51] {Geo} hehe
[11:52] {Geo} basic UAUA follow NQ trade
[11:59] {Geo} scratched trade .03
[12:26] {Threei}  loooong consolidation
[12:44] {Threei}  imo... GOOD LUCK
[12:45] {Threei}  SCALPED 30 CENTS
[12:45] {Threei}  grrr
[12:45] {Threei}  what's with caps
[12:45] {Threei}  you all asleep?
[12:46] {Geo} .
[12:46] {laserdave1} its going nuts
[12:46] {Threei}  - reports say that former AOL CEO Miller has discussed the idea with some Yahoo board members and is talking to private equity and sovereign wealth funds about such a deal.
[12:58] {Threei}  Putin Labels Markets 'Unfair'
[12:58] {Threei}  welcome to capitalism
[12:58] {Threei}
[12:58] {Chaeron} life is unfair
[12:58] {Threei}  and then you die
[12:59] {Geo} after paying taxes
[13:00] {Threei}  or you pay them after death
[13:00] {Threei}  however you structure it, these two components will be there
[13:33] {peterg} cue beatle's song "Taxman"
[13:39] {Threei}  the day started out great, then got so boring that I am tracking all the twists and turns in canadian political coup
[13:39] {Threei}  quite fascinating actually
[13:41] {KSystems} ummm
[13:41] {KSystems} in a nutshell
[13:41] {KSystems} what happened?
[13:41] {Threei}  election ended 6 weeks ago producing minority goverment
[13:41] {KSystems} argh
[13:42] {Threei}  three opposition parties united over the weekend to form coalition government and take over
[13:42] {KSystems} do those three have _anything_ more in common that being opposition?
[13:42] {KSystems} that=than
[13:42] {Threei}  all are lefties
[13:43] {Threei}  other than that, no
[13:43] {KSystems} omg
[13:43] {Threei}  they've been at each other throats forever
[13:43] {Threei}  one of them is acrtually separatist party, with main aim to break up the country, lol
[13:43] {KSystems} perfect
[13:43] {KSystems} A good friend of mine is just about to emigrate to Canada this month
[13:43] {wishbone} and the appointed leaders's party is ahving a leadership race, so we voted for ....i mean didn't for for our next prime minister
[13:44] {Threei}  another is fringe socialist party, never having any realistic shot at being even close to forming the government
[13:44] {Threei}  finally third,
[13:44] {peterg} je  me souverains
[13:44] {Threei}  in last election shopwed it's worst performance in polls in Canadian history
[13:44] {wishbone} lol
[13:44] {KSystems} heh
[13:44] {Threei}  with lame leader rejected by both electorate and his own party
[13:45] {KSystems} and they run the country now?!
[13:45] {Threei}  well
[13:45] {Geo} they say the best argument against democracy is to have a conversation with the average voter
[13:45] {Threei}  not right away
[13:45] {peterg} so, who's on first?
[13:45] {Threei}  there is a process
[13:45] {peterg} is there PM yet?
[13:45] {Threei}  and current governement has options to stall
[13:45] {Threei}  regroup
[13:46] {Threei}  and try to avoid it all
[13:46] {Threei}  but not very many options
[13:46] {KSystems} call for new elections?
[13:46] {KSystems} thats what they usually do here
[13:46] {Threei}  one of options... sure to piss off the country
[13:46] {KSystems} until voters are tired of running to the booths, you finally have just over 20% of people voting 
[13:46] {Threei}  we had 3 elections in 5 years, and last one (widely regarded as unnecessary) ended 6 weeks ago
[13:48] {Threei}  to further complicate the situation,
[13:48] {Threei}  we have general-governor,
[13:48] {Threei}  representative of Queen
[13:48] {Threei}  largely decorative figure
[13:49] {Threei}  that usually rubber-stamps the decisions
[13:49] {KSystems} ahhh
[13:49] {Threei}  But in this situation she actually gets to decide what to do
[13:49] {KSystems} she?
[13:49] {Threei}  and this is not an elected official
[13:49] {Threei}  yes
[13:49] {KSystems} sounds funny
[13:49] {Threei}  beyond
[13:49] {Geo} ahhh
[13:49] {Geo}  i had forgooten you guys were a colony
[13:49] {Threei}  former high profile journalist
[13:50] {Threei}  was supposed to attend ceremonies and such stuff
[13:50] {KSystems} is this all going to turn into a serious problem, or just something for a good laugh?
[13:50] {Threei}  all of a sudden she actually needs to deide things that have profound effect on country course
[13:50] {KSystems} i mean, whats the worst thing that can happen now?
[13:50] {Threei}  depends on your percpective
[13:50] {Threei}  IMO{ worst thing:
[13:51] {Threei}  country is overtaken by socialists, separatists and leaderless scoundrels
[13:51] {Threei}  and it happens during the worst financial crisis of the century
[13:52] {Threei}  those three btw are not likely to be friends for very long
[13:52] {Threei}  that coalition will self-destruct quickly
[13:52] {Threei}  such instability and rapidly changing rules at this point - bad enough for ya? :)
[13:52] {KSystems} Michaelle Jean
[13:52] {KSystems} she has a beautiful name though
[13:52] {Threei}  that's her
[13:53] {KSystems} it sounds horrible
[13:53] {KSystems} not the name, that is
[13:53] {KSystems} the situation
[13:53] {Threei}  maybe she is wise enough to do the right thing... who knows
[13:53] {Threei}  nobody actually knows what she stands for, you see
[13:53] {KSystems} what would be the right thing in your opinion`
[13:53] {patience} she was a liberal appointee vad
[13:53] {Threei}  she was never supposed to be a decision-maker :)
[13:53] {Threei}  yes
[13:54] {Threei}  in my opinion (and I don't know the extent of her constitutional rights so it could be impossible),
[13:54] {Threei}  right thing qwould be to tell opposition leaders:
[13:54] {Threei}  here are election results,
[13:54] {Threei}  voters said they want this party to govern,
[13:54] {Threei}  no coalition,
[13:54] {Threei}  no new election,
[13:55] {Threei}  go back to parliament,
[13:55] {wishbone} i heard that vad!
[13:55] {patience} but gov won't withstand nonconfidence vote
[13:55] {Threei}  solve the problems nation faces,
[13:55] {patience} god willing she calls an election
[13:55] {Threei}  and if you can't - I freeze parliament sessions for the time being,
[13:56] {Threei}  and current governemtn rules as majority, unchallenged, until we run the process of consultations,
[13:56] {Threei}  until you run consultations within your oparties,
[13:56] {KSystems} she earns 110.126 $
[13:56] {Threei}  elect leader,
[13:56] {Threei}  and come back to me with plan how make it all work.
[13:57] {wishbone} current gov rules as minority vad
[13:57] {Threei}  I hope some chilling out period can work,
[13:57] {Threei}  I know
[13:58] {Threei}  read the context of my answer :)
[13:58] {Threei}  that was my description of what I'd see as a right thing for jean to do
[13:59] {Threei}  a lot of opposition MPs may re-think whole thing when they hear the reaction of voters and realize this can cost them dearly come next election
[13:59] {Threei}  whole coup was constructed between leaders, no party consulting
[13:59] {wishbone} exactly....power hungry...
[14:00] {Threei}  KS, to add pepper:
[14:00] {Threei}  tape recording emerged over weekend,
[14:00] {Threei}  showing that two of parties actually agreed on this course of action well in advance
[14:00] {Threei}  and just waited for a confidcence vote announced to trigger whole thing
[14:00] {KSystems} wow
[14:02] {Threei}  Question period starts now
[14:02] {Threei}  live on TV
[14:02] {Threei}  I am looking forward to see people banging each other heads with rowing paddles
[14:03] {KSystems} umm what station can I see it on?
[14:03] {KSystems} gonna turn in via web tv
[14:03] {Threei}  CBC
[14:03] {Threei}  no idea if you can see it on the web
[14:04] {Threei}  I am telling you... I never go on vacation again
[14:04] {Threei}  if this happens when I leave for three days, couple week vacation will probably get me into country with Gulag up and running
[14:04] {wishbone} lol
[14:05] {Threei}  if that happens, make sure you stay safe wishbone... I may need asylum, you know... corner in your basement?
[14:06] {wishbone} hey i'll be in the labor camps w/ you!:(
[14:06] {Threei}  OK... we have patience and ese as our backup
[14:06] {wishbone} lol
[14:06] {patience} you behind the tweed curtain wishbone?
[14:07] {wishbone} ?
[14:07] {wishbone} tweed curtain
[14:07] {patience} nope
[14:07] {patience} oak bay
[14:07] {Threei}  Oak bay :)
[14:08] {wishbone} no....never heard that expression...haven't lived in vic very long
[14:09] {Threei}  I don't see anything for this selloff
[14:10] {Threei}  just selling or I missed something?
[14:11] {Threei}  oil 47.50s?
[14:18] {Threei}  found it KS?
[14:18] {KSystems} yea but they dont seem to have a live stream available :-(
[14:22] {Threei}  opposition demands confidence vote... prime minister says screw you
[14:23] {Threei}  that's the short version
[14:23] {Geo} see any setups on RIMM vad?
[14:24] {Threei}  totally market dependent
[14:24] {Threei}  I'd say, short is more likely than long,
[14:24] {Geo} ok ty
[14:24] {Threei}  but I hnave not much confidence in particular setups
[14:27] {Threei}  if market drops sharply, try to get RIMM short as close to .50 as you can
[14:27] {Threei}  hopefully it's ll give a little delay
[14:31] {Threei}  car sales reports today
[14:31] {Threei}  I am not posting them all,
[14:31] {Threei}  numbers are ranging from -30 to -40% y/y mastly
[14:32] {Threei}  mostly
[14:50] {patience} vad, we are about to become the coldest banana republic....sniff sniff
[14:50] {Threei}  lol
[14:50] {Threei}  no kidding
[14:50] {Threei}  at least we could have bananas
[14:50] {Threei}  but noooo... the worst of both worlds
[14:50] {patience} yup
[14:51] {patience} i wonder if they have opened up a file on canada at the potentially needs intervention
[14:51] {wishbone} lol
[14:51] {wishbone} i was thinking that earlier patience!
[14:52] {patience} honestly, you  just laugh nervously at how bizzarro canada has become overnight
[14:52] {patience} what the heck happened to our stability....we don't act like this
[14:52] {Threei}  if they don't plan on intervention, I have a great idea
[14:53] {wishbone} it is truly strange
[14:53] {Threei}  let's announce war on USA, and surrender in 2 minutes
[14:53] {Threei}  there you go, problems soklved
[14:53] {Threei}  they have to opccupy us and feed us
[14:53] {Threei}  33 million prisoners of war
[14:54] {patience} do i keep my free health care?
[14:54] {wishbone} they are the largest global producer of rice....i like rice:)
[14:54] {Geo} heheheh
[14:54] {Geo} youre out of luck wishbone
[14:55] {patience} this is like the queen saying, right, i've had enough...the family agrees, we resign
[14:55] {Geo} i checked and costco doesnt have basmati anymore
[14:55] {Threei}  plenty here
[14:55] {Threei}  I can mail you a bag
[14:55] {Geo} i guess the invasion is one then
[14:55] {Geo} on
[14:55] {Threei}  for a small administrative fee
[14:55] {Threei}  or you can invade of course
[14:56] {patience} geo, invade victoria....might as well pick a good spot
[14:56] {Geo} rains too much
[14:56] {Geo} cant i just do a crank call
[14:57] {patience} a selling point geo, we have water, lots of it   :)
[14:57] {Geo} true true
[14:57] {patience} quick vad, what else do we have
[14:57] {patience} shrimp...vad can fish for you
[14:57] {Threei}  nope
[14:57] {patience} lots and lots of shrimp
[14:57] {Threei}  I'll be a prisoner, remember?
[14:57] {Threei}  he fishes for me
[14:57] {patience} damm, means you have to eat the fish
[14:57] {Threei}  cooks them too
[14:57] {Geo} prison shrimp boat captain
[14:57] {Geo} i like that
[14:58] {patience} there we are
[14:58] {Geo} chaer what do you think?
[14:58] {Geo} gotta ask the senior invader
[14:59] {patience} i gotta call paris and ask her where she got her prison outfit
[14:59] {KSystems} Now I'm waking up again
[14:59] {Threei}  didn't trust UAUA 9.20 break when it held 9... too bad
[15:00] {Geo} comeone vad call some trades
[15:01] {Geo} i need money to plan an invasion
[15:06] {Threei}  FRPT
[15:07] {Threei}  4.50 break for a scalp
[15:07] {Threei}  and its product is great for invasions
[15:13] {patience} vad, is anybody trading anything in the market?
[15:13] {Threei}  why not
[15:13] {Threei}  things move
[15:13] {patience} i just dont see much movement in stocks
[15:17] {Threei}  just a scalp FRPT
[15:17] {Threei}  stop is either under .45 or .40
[15:17] {Threei}  both are valid
[15:24] {wishbone} vad, when i hit the offer of FRPT @ .51 when .50 first printed but i wasn't filled. what should i have tried for to get filled?
[15:24] {Threei}  which route?
[15:25] {wishbone} inte
[15:25] {wishbone} inet
[15:25] {Threei}  same here, got my fill...
[15:25] {Threei}  I guess just a fraction of second difference
[15:25] {wishbone} ok ty
[15:25] {Geo} what vad said
[15:25] {Threei}  .50 was eaten through very quickly
[15:25] {Geo} got your fill
[15:26] {wishbone} so u hit .51 or .5?
[15:26] {Threei}  I had .51
[15:26] {wishbone} ok
[15:26] {Threei}  but clicked as soon as .50 started melting
[15:26] {wishbone} i need a faster trigger finger
[15:26] {Threei}  also, here is little trick I taught magoo once
[15:26] {Threei}  when you deal with this kind of stocks where levels can disappear very quickly, do this:
[15:27] {Threei}  click your price,
[15:27] {Threei}  point cursor on the buy button,
[15:27] {Threei}  press the mouse button and keep it pressed
[15:27] {Threei}  now it will click when you let go
[15:27] {Threei}  Saves you time,
[15:27] {Threei}  faster to let go than do both
[15:28] {wishbone} huh
[15:28] {Threei}  BUT
[15:28] {Threei}  if you decide not to enter
[15:28] {wishbone} ther's always a but
[15:28] {Threei}  make sure you miove cursor away
[15:28] {wishbone} ok ty
[15:28] {Threei}  before you let go
[15:29] {wishbone} execution is huge in scalping eh!
[15:29] {Threei}  well, on fast stocks...
[15:29] {Threei}  be thankful you haven'ty had to do it in 1998-2000
[15:29] {Threei}  executions were nowhere as simple as today'
[15:29] {Threei}  s
[15:30] {Threei}  SOES, SelectNet, ECNs,
[15:30] {Threei}  5 min rule, 30 seconds rule
[15:30] {Threei}  SnetPref
[15:30] {Threei}  SOES queue
[15:30] {wishbone} lol
[15:30] {Threei}  I used to give classes on how to enter and exit
[15:30] {wishbone} ok i get it:)
[15:31] {Threei}  that was something to actually learn, believe it or not
[15:31] {Threei}  these days it's just a click for the most part
[15:32] {Chaeron} yeah... trading is for wusses now..... (teasing)
[15:32] {Threei}  lol
[15:32] {wishbone} lol
[15:33] {Threei}  as daunting as that was, it actually gave experienced traders some additional edge
[15:33] {Threei}  would take a fraction of second to evaluate who is at the offer and how to hit him right
[15:33] {Threei}  while newer traders had to think, or tried and failed
[15:33] {Chaeron} yep.. had to walk to my computer every morning... through 6' of snow and winds... uphill...
[15:34] {peterg} weak coffee
[15:34] {Geo} on a unicycle
[15:34] {Threei}  well, that was progress since times you had to use home pigeons to send your orders in
[15:34] {Chaeron} you called your brokers pigeons?
[15:35] {Threei}  tying a thin paper to its leg with "buy me a 1000 of IBM" and telling him to fly to NYSE floor
[15:35] {Chaeron} I mean they were about as intelligent as but... :)
[15:35] {Threei}  lol
[15:36] {Threei}  out FRPT
[15:36] {Threei}  .63
[15:36] {Chaeron} beauty
[15:38] {Threei}  6 for 6
[15:41] {Threei}  GM
[15:49] {Threei}  - has intention of repaying loans as soon as 2011.
[15:49] {Threei}  - to explore options for Saturn and Saab units; to focus on four core brands.
[15:49] {Threei}  - plans to have 15 hybrid models by 2012.
[15:49] {Threei}  - proposes additional pay cuts.
[15:50] {hawkfan4} geez, nice job vad.  not trading much this week, helping my Dad clean out his offices.  Closing down his drywall company after 30 years. 
[15:50] {Threei}  just retiring?
[15:51] {hawkfan4} nope, bad housing market + credit crunch, can't keep it going
[15:51] {Threei}  oh
[15:51] {Threei}  sorry :(
[15:52] {hawkfan4} thx.  Talk about a group of people who have no sympathy for the auto industry.  Residential construction industry decimated
[15:52] {Threei}  I can imagine...
[15:56] {peterg} Hawk, what region are you in?
[15:57] {peterg} state country
[15:57] {hawkfan4} chicago
[15:57] {peterg} yay!
[15:57] {peterg} hometown
[15:57] {peterg} before mpls
[15:57] {peterg} Hyde Park
[15:57] {peterg} me & obama
[15:57] {peterg} real close
[15:57] {hawkfan4} cool, where, ah, nice. lol
[15:58] {Threei}  OK guys, thank you all
[15:58] {Threei}  have a great evening, see you tomorrow
[15:58] {KSystems} take care vad
[15:58] {peterg} thank you vadster
[15:58] {Threei}  nice finish FRPT
[15:58] {Threei}  and GM
[15:59] {Threei}  whatever... tomorrow is new day
[15:59] {Threei}  not a good time to play with overnight positions
[15:59] {Threei}  or matches
[15:59] {Threei}  or run with scissors
[15:59] {hawkfan4} lol
[15:59] {hawkfan4} nite all
[16:02] {KSystems} nite everybody
[16:02] {KSystems} have a great evening