Jan 30 2009

Finally a nice day. Started out with some scalps, couple stops, slightly positive but nothing earthshaking. Then FAS gave us a string of quick scalps making a day much nicer. Glad to finish otherwise tough week on a winning note.

Session Time: Fri Jan 30 00:00:00 2009

[07:49] {hawkfan4} morning

[07:49] {Threei}  good morning

[07:50] {hawkfan4} hey vad, are you able to log in to Laser this morning?  

[07:50] {Threei}  not yet

[07:50] {hawkfan4} ok, thanks, me either

[07:51] {Threei}  I guess quotes are disgusted with themselves

[07:51] {hawkfan4} as they should be :)

[07:51] {hawkfan4} brb

[08:07] {nemo} GM

[08:09] {Threei}  nemo :)

[08:09] {Threei}  JPM

[08:09] {Threei}  CEO JAMIE DIMON: WE WILL NOT SELL ASSETS TO "BAD BANK"

[08:09] {Threei}  - Mark to market accounting exaccerbated crisis but did not cause it

[08:11] {magoo} morn

[08:11] {Threei}  magoo :)

[08:13] {magoo} amzn holds so far

[08:14] {Threei}  BALTIC DRY BULK INDEX +3.3%

[08:19] {magoo} GERN ngapping vad

[08:19] {magoo} any read pre?

[08:19] {Threei}  not yet

[08:19] {magoo} could make its best move pre

[08:19] {magoo} with lower volume

[08:20] {Threei}  this animal is not easy to read even during market hours, lol

[08:22] {cujo} Happy Friday.

[08:23] {magoo} cujo

[08:23] {Threei}  cujo :)

[08:23] {magoo} vad, any news AA{L RIMM

[08:24] {Threei}  no, other than this:

[08:24] {Threei}  01/29/09 07:04pm [DELL] May seek to move into the mobile phone business as early as next month

[08:25] {magoo} ty

[08:26] {hawkfan4} morning all

[08:26] {Threei}  hawk :)

[08:26] {Threei}  no idea what's driving GERN this time

[08:27] {nemo} samething that drove oil:)

[08:30] {Threei}  *Q4 EMPLOYMENT COST INDEX: 0.5% V 0.7%E

[08:31] {nemo} what story just drove FAS?

[08:31] {Threei}  Q4 ADVANCED GDP ANNUALIZED: -3.8% V -5.5%E; PERSONAL CONSUMPTION: -3.5% -3.5%E

[08:37] {Threei}  maniak-depressive market

[08:37] {Threei}  from extreme depression to elation and back in minutes

[08:41] {nemo} larisa :)

[08:41] {larisa} good morning :)

[08:41] {Threei}  pre-emptive greeting, nemo?

[08:41] {Threei}  larisa :)

[08:41] {nemo} ESP

[08:41] {larisa} nemo, threei :)

[08:41] {Threei}  RIMM

[08:41] {Threei}  PRICE TARGET RAISED TO $85 FROM $62 AT BROADPOINT, MAINTAINS BUY RATING

[08:42] {nemo} so...sell?

[08:48] {Threei}  4.2 earthquake in Seattle

[08:49] {hawkfan4} yikes

[08:52] {Threei}  4.6

[08:52] {dino} gm

[08:53] {Threei}  dino :)

[08:53] {cosmo} http://earthquake.usgs.gov/eqcenter/recenteqsus/Maps/US2/47.49.-123.-121.php

[08:53] {Onix} Good morning all

[08:53] {dino} ks dcc please

[08:53] {Threei}  onix :)

[08:56] {Threei}  got e-mail from someone who reads our trading logs saying:

[08:56] {Threei}  in case you are wondering what is behind PALM move,

[08:56] {Threei}  it's about to become a subject of bidding war

[08:56] {Threei}  initiated by DELL seeking entry in smartphone market

[08:57] {Threei}  and continued by AAPL and RIMM trying to prevent DELL from getting hands on PALM's echnoogy

[08:57] {elepet} good morning

[08:57] {cujo} morning el

[08:57] {Threei}  elepet :)

[08:58] {hawkfan4} i heard PALM tries really hard to keep their echnoogy a secret

[08:58] {elepet} and PALM moving up again

[08:58] {Threei}  not that I put any faith into "insider secrets" disseminated by e-mail

[08:58] {nemo} very logical though

[08:59] {Threei}  or have enough industry knowledge to evaluate the probability

[09:00] {dino} dell did announce phone entry last night

[09:00] {Threei}  01/29/09 07:04pm

[09:00] {Threei}  [DELL] Dell Inc May seek to move into the mobile phone business as early as next month - WSJ

[09:00] {Threei}  - Company is said to have a team of engineers working on the phones for over a year, focusing on "smart-phone" models

[09:01] {nemo} No.  But if you look at Dell, it runs from back office to desktop to mobile computing, that's basically what a PALM is, mobile computing.  Apple is primarily desktop, and with the Iphone-mobile computing.  RIMM-mobile computing.  Dell is in both business and consumer.  Apple-primarily consumer, RIMM-primarily business

[09:01] {Threei}  doesn't sound like they are gunning for PALM

[09:11] {ese} god morning

[09:11] {Threei}  ese :)

[09:11] {dino} complex

[09:11] {ese} Vad ,patience Dp.......you guys feel the earthquake about 5:20 am heere?

[09:12] {Threei}  no... reports said 4.6 in seattle

[09:12] {magoo} vad..whats the setup AMZN today?

[09:13] {Threei}  what do you mean today

[09:14] {Threei}  it's not like there is one setup for the day :)

[09:14] {magoo} well..its gonna be a player

[09:14] {magoo} but it may pullbk..or at open may run

[09:14] {Threei}  yes... but I don't know how to answer your question :)

[09:14] {Threei}  it will shape up to something

[09:14] {magoo} are u moody AGAIN

[09:14] {Threei}  again?

[09:14] {Threei}  ALWAYS!

[09:14] {magoo} ok ALWAYS

[09:15] {Threei}  there

[09:15] {nemo} battle plans only survive until initial engagement

[09:15] {magoo} there we go thinking alike

[09:15] {Threei}  ese, you felt it?

[09:17] {dino} you guys are tense today....take a chill

[09:17] {ese} ya thats what got me up

[09:17] {Threei}  we are dino... earthquake, you know :)

[09:17] {Threei}  wow... how come I haven't heard anything

[09:18] {Threei}  it's not like we are that far from each other

[09:18] {ese} I hate earthquakes.....any other disaster OK but earthquakes..........

[09:18] {Threei}  you would think if quake felt at your part from as far as Seattle, I should have felt it too

[09:18] {ese} at least you can see other things and have a chance to react.....but not an earthquake......

[09:19] {Threei}  sooo... our candidates so far PLAM, GERN, FAS

[09:19] {ese} it just hits you.......not time to react......give me tornados over this

[09:19] {Threei}  AMZN a bit later I think

[09:19] {Threei}  gotta let it calm down a little

[09:20] {dino} you see on trhe moon where i live, no earthquakes, tornados, etc. just snow, ice, cold

[09:20] {ese} I'll take it!!!!!

[09:20] {Threei}  nah... I'll take earthquake over ice and snow

[09:21] {cosmo} i like snow

[09:21] {Threei}  that's because you see it once every 15 years

[09:21] {cosmo} 25

[09:21] {Threei}  I've had my share... won't miss it it for another 25 years

[09:21] {Threei}  and then I die

[09:21] {Threei}  happily

[09:21] {fernp} Hello everybody

[09:21] {Threei}  fern :)

[09:22] {ese} fern

[09:22] {ese} anyway......whats the focus for this morning

[09:22] {Threei}  PREVIEW: JAN FINAL UNIVERSITY OF MICHIGAN CONFIDENCE INDEX DUE OUT AT 9:55AMET

[09:22] {Threei}  **consensus expectation: 61.9e v 61.9 preliminary

[09:22] {Threei}  - analyst estimates range between 60 and 65

[09:23] {Threei}  PALM, GERN, FAS, RIMM, AMZN

[09:23] {Threei}  and whatever scanner spits out

[09:23] {nemo} If you play FAS doesn't that bring FAZ in also...why or why not?

[09:24] {nemo} I mean...Yin and Yang, if you're into that sort of thing :)

[09:24] {Threei}  FAZ is much more volatile, thin, much hardcer to control risk

[09:24] {Threei}  look how much it dropped vs FAS spike

[09:25] {Threei}  60 cents on FAS vs 4 bucks on FAZ

[09:26] {nemo} yes, although there chart's are mirror images (almost)?

[09:26] {Threei}  sure

[09:26] {Threei}  you can play it if you are into that sort of thing, using FAS for read

[09:26] {Threei}  as it has smoother charts and easier triggers and stop to define

[09:26] {nemo} yeah, I like pain

[09:27] {nemo} oh "their charts"  damn english

[09:27] {cosmo} JNPR

[09:28] {cosmo} 15.43 hod

[09:36] {Threei} Long Setup:  RIMM  .50 break half lot

[09:37] {Threei}  stop under .30

[09:39] {Threei}  1:1

[09:39] {KSystems} took scalp

[09:39] {KSystems} thank you

[09:39] {Threei}  welcome

[09:40] {Threei}  GERN nears 8.50 resistance on daily

[09:40] {cujo} thanks Vad

[09:40] {cujo} great call

[09:40] {Threei}  in its usual jerky manner

[09:41] {Threei}  pullback to about .30 would be safer way to try it

[09:41] {dptl} gm all

[09:41] {Threei}  but overall, starts shaoing up as a runner

[09:41] {Threei}  dp :)

[09:42] {magoo} ty rimm bosds

[09:42] {Threei}  welcome

[09:42] {Threei}  AMZN, mama mia

[09:42] {Threei}  8.50 wall of offers gives GERN a pause

[09:42] {Threei}  but it should bust through it

[09:43] {Threei}  here is pullback

[09:43] {Threei}  maybe this way:

[09:43] {Threei}  half lot near .30

[09:43] {Threei}  stop under .10

[09:44] {Threei}  and add half lot if breaks .50

[09:45] {Threei}  AN CHICAGO PURCHASING MANAGERS INDEX: 33.3 V 34.9E

[09:45] {dino} larisa you nailed cat breakdown

[09:46] {Threei}  she is off today, will be back on Mon

[09:46] {Threei}  ok, who got GERN, you have options

[09:46] {Threei}  scalp, hold for break and run or add on break

[09:48] {Threei}  bring down that wall GERN

[09:48] {nemo} Thank you Mr. Gorbachev

[09:48] {Threei}  not yet...

[09:48] {Threei}  but should soon

[09:49] {cosmo} no thanks UBSS

[09:49] {cosmo} so far

[09:49] {magoo} a reload .30 area vad?

[09:49] {Threei}  you sold?

[09:49] {magoo} scalp..i am what i am

[09:50] {Threei}  don't know mags

[09:50] {Threei}  hard to tell

[09:50] {magoo} mkts got me in dime mode this week

[09:50] {Threei}  it should be breaking now

[09:50] {Threei}  amgn

[09:55] {Threei}  JAN FINAL UNIVERSITY OF MICHIGAN CONFIDENCE: 61.2 V 61.9E

[09:57] {magoo} p[rttyu good RIMM pllbk vad

[09:57] {magoo} Q pullsbk

[09:59] {magoo} lovely mkt 

[10:00] {nemo} yeah like poison ivy

[10:01] {hawkfan4} DRYS crushed again

[10:01] {fernp} cover FITB +.10

[10:02] {magoo} look at AAPL minute chart vad

[10:03] {magoo} 11 red bars

[10:04] {Threei}  not sure what you are trying to derive from that

[10:04] {ese} drys is a buy around that 5 bill mark though

[10:05] {magoo} ugliness

[10:07] {ese} market down days are less and less prolifick do ya mags...?

[10:07] {ese} do you think?

[10:08] {ese} seems to me anyway that we are getting to that point where there are less and less sellers....????

[10:09] {magoo} dunno ES..i kind o f think a retest of lows in feb

[10:09] {magoo} ugly

[10:10] {magoo} skeerry to us mere mortalls

[10:10] {nemo} mags, you lookin' in the mirror in the bathroom?

[10:10] {magoo} THAT DOES IT

[10:10] {nemo} Yeah, pick on the little guy!

06[10:11] * magoo slaps nemo around a bit with a large large heavy book of proper etiquet for newbies with fish smelling name

[10:11] {ese} i'm betting that around Jan 1 we had the right should pu in of a reverse head and shoulders pattern.....

[10:11] {ese} Jan 21....make that

[10:11] {nemo} right in the dorsal...thanks

[10:12] {elepet} palm dying?

[10:12] {Threei} Long Setup:  DRYS  .50 break ig stays above .40

[10:12] {dino} 1194 gap open

[10:13] {Threei}  just goes with market at this point elepet

[10:13] {dino} weekly lows fwiw, 8023, 1169, 827

[10:13] {ese} in 

[10:13] {magoo} in

[10:13] {ese} DRYS

[10:13] {KSystems} in

[10:14] {magoo} that pullbk no effect AMZN

[10:15] {magoo} Q bounce candidate somewhere..not yet

[10:15] {cujo} in

[10:15] {magoo} GERN dead i guess vad

[10:16] {Threei}  for nowe, yeah

[10:16] {dino} ok ndx filled

[10:16] {magoo} half out DRYS here?

[10:16] {magoo} LOL

[10:16] {magoo} scalpers joke

[10:17] {magoo} 60 magnate AMZN..NOT IN

[10:17] {Threei}  market finds no footing

[10:19] {nemo} I'll take one for the team..heading to the powder room

[10:20] {Threei}  magoo's restroom indicator becomes popular

[10:21] {ese} funny mags ....real funny........

[10:21] {magoo} l Q here .40

[10:23] {nemo} no worky

[10:23] {magoo} it is working

[10:23] {magoo} go again

[10:23] {hawkfan4} lol

[10:24] {Threei}  EIA: US NOV OIL DEMAND (REVISED) -7.7% Y/Y

[10:24] {Threei}  Nov?

[10:24] {Threei}  who cares?

[10:25] {ese} have dinos gut feeling from yesterday today........it's gonna be an up day by the end of it...i think the pressure is that way

[10:25] {patience} end of the month selling today

[10:25] {ese} OK mags i'm out half here for .01 profit

[10:26] {ese} just kidding....!!!!!

[10:29] {Threei}  another sharp drop Qs

[10:29] {nemo} good nite Irene...

[10:29] {dino}  feeling the same es. waiting for "bottom"

[10:30] {dino} watching mcd, cat, vsec, deck

[10:30] {nemo} fas closed opeing gap

[10:30] {Threei}  RU) RUSSIA HAS REPORTEDLY SPENT APPROX $4B IN SUPPORT OF ROUBLE IN CURRENT WEEK

[10:31] {ese} the rouble is rubble.......

[10:31] {Threei}  FED BUYING AGENCY DEBT OUTRIGHT; SEEKS DEALER BIDS BY 11AMET

[10:32] {ese} drys....stopped .-11

[10:32] {fernp} stopped DRYS

[10:32] {fernp} cover RF +.10

[10:32] {magoo} stop Q

[10:33] {Threei}  look at AMZN

[10:33] {Threei}  quite remarkable

[10:34] {magoo} if mkt went green it would hit 75 lol

[10:36] {fernp} cover BAC +.21

[10:37] {KSystems} hl l OII .24 stop .88

[10:39] {hawkfan4} CECO .92, stop under .70

[10:39] {magoo} any read GS hawk/

[10:39] {magoo} ?

[10:40] {hawkfan4} not yet, scalped it a bunch, feels stronger today

[10:40] {hawkfan4} but i was way off on it yesterday

[10:40] {magoo} let me knpow

[10:40] {hawkfan4} will do

[10:42] {KSystems} hl l FULT .41 stop .28

[10:44] {dino} mcd sm l .45

[10:44] {hawkfan4} 83 should get it moving mags, like it if market moves

[10:45] {hawkfan4} in .88

[10:47] {magoo} ty

[10:49] {ese} """YOU"""" are not permitted...........to funny that thing

[10:49] {Threei}  just move it to Tatus window ese

[10:49] {Threei}  Status

[10:49] {Threei}  AMZN wants to continue higher

[10:49] {Threei}  however strange it it may look

[10:50] {Threei}  FAS

[10:51] {Threei}  this pullback into .50 looks like entry point

[10:52] {nemo} stop under .35

[10:52] {cujo} in .52

[10:54] {hawkfan4} CECO stop to .84, not thrilled with it

[10:55] {Threei}  feel free to take profit FAS

[10:55] {cujo} out thanks vad

[10:56] {magoo} nice one vader

[10:56] {Threei}  AMZN... another shallow pullback and then break of .50...

[10:57] {Threei}  wanna try small shares?

[10:58] {hawkfan4} out GS .30

[11:01] {hawkfan4} too soon

[11:03] {magoo} in amzn

[11:03] {magoo} waiting .84

[11:03] {magoo} take .60

[11:04] {magoo} kickin it

[11:10] {ese} double bottom in the Q's dino.....up we go ?

[11:11] {dino}  y

[11:12] {KSystems} s sm AMP .99 stop .26

[11:13] {hawkfan4} stopped ceco -.08

[11:14] {dino} good stop

[11:14] {hawkfan4} thx dino ;)

[11:16] {KSystems} s hl BMRN .31 stop .51

[11:23] {Threei}  wow DRYS

[11:23] {Threei}  bottomless

[11:24] {hawkfan4} fugly

[11:25] {nemo} you in the bathroom too Hawk?

[11:25] {hawkfan4} lol :)

[11:25] {dino} under weekly lows

[11:25] {Threei} Short Setup: KLAC  .40 break if stays below .55

[11:26] {dino} 7909,1136, 804 line in sand imo

[11:26] {Threei}  (EU) EU'S JUNCKER: ECB HAS THE SCOPE IT NEEDS TO CUT RATES, EUROPEAN INFLATION HAS DROPPED SHARPLY

[11:26] {Threei}  - ECB should worry less about price stability.

[11:26] {Threei}  - Understands the debate over taking rates close to zero.

[11:26] {Threei}  - Suspects that banks are manifesting a "total aversion" to risk.

[11:26] {Threei}  - G7 will discuss financial market regulation

[11:36] {hawkfan4} GS .32 stop .18

[11:38] {hawkfan4} GERN kinda forming a little bottoming triangle over .77 

[11:38] {dino} this pork fake stimulus plan is being figured out by market players. they do not like it

[11:38] {Threei}  "buy american" too dino

[11:39] {Threei}  recipe for Great Depression, take II

[11:40] {magoo} out .75 TY hawk

[11:40] {hawkfan4} :) cool beans

[11:40] {Threei}  good job guys

[11:41] {magoo} nice read..never negativew

[11:41] {hawkfan4} out .73

[11:41] {KSystems} OII out half +.36

[11:41] {magoo} on hawks part

[11:41] {dino} gj

[11:41] {hawkfan4} thx

[11:41] {Threei}  I jusy saw on TV: Zimbabwe in crisis

[11:42] {_buyemsellem} don't worry they have the trillion dollar note now

[11:42] {Threei}  ty... I feel better

[11:42] {Threei}  started actually worrying for a min

[11:42] {Threei}  MORGAN STANLEY CALLS 3 YEAR US, UK, AND EUROPEAN NOTES 'ATTRACTIVE'

[11:42] {hawkfan4} in GERN , stop .66

[11:47] {dptl} .

[11:48] {Threei}  V

[11:48] {Threei}  second day of indecent strength

[11:52] {dptl} .

[11:52] {dptl} test

[11:52] {Threei}  pro-labor executive orders are coming, per CNN

[11:54] {hawkfan4} watching GS pullback around .55-.60 mags

[11:54] {magoo} k

[11:54] {hawkfan4} in .63, stop under .50

[11:54] {magoo} would like pullbk 

[11:54] {Threei}  KLAC almost 1:1

[11:55] {Threei}  KLAC 1:1 without almost

[11:56] {Threei}  US TREASURY 'S GEITHNER AGREED WITH UK'S DARLING THAT INTERNATIONAL ACTION WA REQUIRED FOR GROWTH; WILL REPORTEDLY MEET TODAY WITH FDIC'S BAIR AND THE FED'S BERNANKE OVER REFORM IN FINANCIAL INDUSTRY

[11:56] {Threei}  - Geither to attend G7 meetings in Italy on Feb 13 and 14

[11:57] {Threei}  UK'S DARLING - sounds so funny

[11:59] {Threei}  anyone holding part of KLAC?

[11:59] {Threei}  or took scalps?

[11:59] {dptl} me

[11:59] {Threei}  ok... stop is trailed of course

[12:00] {dptl} yep

[12:00] {Threei}  and it does look like more weakness is coming

[12:00] {Threei}  wouldn't even try to bounce woth market last time

[12:01] {Threei}  interesting stock just popped up on a scanner

[12:01] {Threei}  unusual for me, too

[12:01] {Threei}  ATHX

[12:03] {dawg} KLAC breaking down again still in

[12:03] {Threei}  here goes KLAC

[12:03] {dawg} alright!

[12:04] {KSystems} AMP out half +.28

[12:04] {Threei}  1:2 is within spit distance

[12:04] {dawg} yessir

[12:04] {dptl} bidding 20

[12:04] {hawkfan4} good call mags, stopped -.13

[12:04] {Threei}  KS puts out irritatingly strong performance for the second day in a row

[12:05] {dino} ks is in the zone (don't mess w/it

[12:05] {KSystems} OII out rest at be

[12:05] {Threei}  I never mess with the guy who has on/off server switch within arm length

[12:06] {Threei}  SENATE REPUBLICANS REPORTEDLY EXPLORING ALTERNATIVE STIMULUS PLAN THAT COULD INCLUDE A PAYROLL TAX CUT

[12:06] {Threei}  - Note: The House vote 2 days ago on the stimulus package passed, yet with no votes by Republicans

[12:07] {Threei}  btw, KLAC stop should be trailed further here

[12:08] {Threei}  to above .30

[12:10] {dawg} OK

[12:11] {Threei}  something just propped the market

[12:11] {Threei}  don't see any news

[12:11] {KSystems} FULT stopped -.13

[12:11] {dawg} luck got out at .13 thank you sir

[12:11] {Threei}  even DRYS is erecovering

[12:11] {Threei}  good job dawg

[12:11] {dawg} ).

[12:15] {Threei}  s far so good

[12:16] {Threei}  not a stellar day by any means but more or less decent, even though not very active

[12:16] {Threei}  I just don't want to push too much, this week was fairlty cold one

[12:17] {Threei}  so, plan at this point is to trade at reasonably low level of activity until performance picks up again,

[12:17] {Threei}  then increase activity

[12:17] {Threei}  sounds good?

[12:17] {hawkfan4} yessir

[12:18] {Threei}  too bad DRYS and FAS got away

[12:18] {Threei}  but that was kind of suckers game at guessing the bottom

[12:18] {dino} lstr

[12:20] {Threei}  good afternoon vinthhombre, welcome

Session Close: Fri Jan 30 12:21:23 2009

Session Start: Fri Jan 30 12:21:23 2009

Session Ident: #discussions

02[12:21] * Disconnected

02[12:23] * Attempting to rejoin channel #discussions

03[12:23] * Rejoined channel #discussions

[12:25] {KSystems} BMRN stopped -.13

[12:27] {Threei}  good afternoon vinthhombre, welcome

[12:28] {_vinthombre} Good afternnon, thanks

[12:28] {Threei}  about that ATHX

[12:29] {Threei}  I don't have clear recipe how to play this kind of stock

[12:29] {Threei}  it's too weird for me

[12:29] {nemo} I'll leave that alone

[12:29] {Threei}  at your discretion guys, who sees play - fine

[12:29] {Threei}  from the way it trades, it's probably not a day trade

[12:43] {Threei}  58 is closest chart support for AMZN

[12:43] {Threei}  it's likely to break it iof tested though, I wouldn't jump in it for bounce just yet

[12:43] {Threei}  rather let it break and look for bounce from under 58

[12:49] {dino} real$ is cracking me up. all the writers wanted obama and dems in the election. now, since they see what garbage they are pushing in the 800 b bill, they are all complaining about same old same old. so much for "change"

[12:49] {nemo} Anyway to play break of resistance on FAS?

[12:50] {Threei}  nemo, it's a valid play but I would prefger to play it conservatively

[12:50] {Threei}  wait for pullback

[12:50] {Threei}  if none comes, you miss the play, big deal

[12:50] {Threei}  but nothing went up without a few shakeouts this week

[12:50] {nemo} Mrs. Lincoln again...bet she wishes they missed the play :)

[12:50] {Threei}  lol

[12:52] {Threei}  9.75 - 9.80 zone is closest support

[12:52] {Threei}  if you tried 9.90 break, you would be in doubt at this point

[12:53] {Threei}  entry closer to .80 gives you beter stop and more comfort

[12:53] {nemo} mighta' just got euphoria spike

[12:55] {Threei}  (RU) RUSSIAN CENTRAL BANK RAISES RATES ON REPO LOANS BY 1%, IN AN EFFORT TO CONTROL INFLATION AND STABILIZE THE EXCHANGE RATE

[12:55] {KSystems} s EAT .91 stop .01

[12:55] {nemo} amazon right now looks like my eeg

[12:56] {nemo} flat

[12:57] {dino} aapl sm l .90

[12:57] {Threei}  your GERN is working nicely hawk

[12:57] {hawkfan4} very

[12:58] {Threei}  there you go nemo... .81 - 82 entry works like charm

[12:58] {dino} they have an inflation problem w/oil's drop?

[12:58] {Threei}  you are already over 1:1

[12:59] {Threei}  compare it with .90 entry... enduring 10 cents pullback and being uo now just 3-5 cents

[12:59] {nemo} yeah...too much gray hair already

[13:00] {Threei}  this kind of entries is the way to go in this market

[13:00] {Threei}  way safer, easier on nerves and more profitable

[13:00] {Threei}  out +.16

[13:00] {Threei}  anyone went for it?

[13:00] {nemo} yeah, trends are 5 minutes...about my attention span

[13:00] {magoo} break up trigg AMZN vad?

[13:00] {Threei}  yup, mine is one of a moth too

[13:01] {hawkfan4} yeah, i much prefer early entries.  can always add if it starts working

[13:01] {nemo} that's insulting the moth

[13:01] {Threei}  can't tell mags

[13:01] {dino} trends? are there any that last more than minutes?

[13:01] {KSystems} AMP rest out b/e

[13:01] {Threei}  dino, their inflation is of different nature

[13:02] {Threei}  rouble drops like crazy vs USD

[13:02] {nemo} just like old times

[13:02] {dino} ahhhh, makes sense or cents

[13:03] {Threei}  deflation of commodities leads to currency inflation in commodity-based country

[13:03] {Threei}  (in a perverse way)

[13:04] {nemo} value of GDP based on commodities, therefore currency follows suit

[13:05] {KSystems} EAT stopped -.11

[13:06] {Threei}  US SENATORS HAVE PROPOSED BILL TO LIMIT EXECUTIVE PAY FOR COMPANIES WHO RECEIVED GOVT BAILOUT FUNDS

[13:06] {Threei}  how come that wasn't a string attached to orginal TARP?

[13:06] {nemo} Paulson?

[13:07] {Threei}  ok... what the heck happened?

[13:07] {Threei}  no news to warrant this

[13:08] {nemo} progras programmed to trade to pivot points on neutral days?

[13:09] {elepet} Remember PAL? I just bought some because it's cheap and I had to buy something. market is too insane.

[13:10] {elepet} and it went up after i bought it.

[13:10] {Threei}  questionable reason for entry, elepet...

[13:10] {elepet} I know. but not much to lose. LOL

[13:10] {nemo} He's having flashbacks to the tech bubble...or maybe a previous life during the tulip craze.

[13:11] {KSystems} s hl AYE .79 stop .01

[13:11] {Threei}  watch FAS pullback

[13:11] {Threei}  long entry from under 10

[13:11] {dino} aapl stop to .45

[13:12] {dino} mcd stop to .85 - all dayer

[13:14] {nemo} fas didn't come to me...like my old dog...bitch

[13:14] {dino} aapl to .55

[13:15] {dino} out aapl .55, +.65

[13:15] {Threei}  wtg

[13:15] {cujo} nice dino

[13:15] {hawkfan4} nice 

[13:16] {dino} ty, sitting around all day...tough to do

[13:16] {Threei}  calling stocks names helps nemo

[13:16] {nemo} I didn't know that?

[13:16] {KSystems} s hl SYKE .08 stop .31

[13:17] {dino} mcd stopped .85, +.40

[13:17] {Threei}  FAS arrived

[13:17] {cujo} in

[13:17] {Threei}  stop under .85.85

[13:18] {Threei}  seeing double

[13:18] {nemo} huh?

[13:18] {magoo} in

[13:20] {Threei}  there you go... patient waiting for the market to come to you works once again

[13:21] {KSystems} s MRX .13 stp .21

[13:22] {Threei}  since it hit over 1:1 for .92 entry, I'd trail stop to under .90

[13:22] {magoo} hawk GS read?

[13:22] {Threei}  {hawk} G and S

[13:22] {hawkfan4} kinda psycho right now, not sure

[13:23] {magoo} i hit long ,68\

[13:23] {Threei}  no need to call me names hawk

[13:23] {hawkfan4} lol :) we're all a little crazy

[13:23] {nemo} Can you imagine if we were all in a room together...not pretty

[13:23] {Threei}  well, I actually took offense at "right now"

[13:24] {Threei}  as if there are times when I am not

[13:24] {nemo} you're bi-polar

[13:25] {Threei}  don't take FAS here this time

[13:25] {Threei}  goes lower most likely

[13:27] {magoo} stopped

[13:27] {KSystems} AYE out half +.21

[13:28] {nemo} FAS!!!

[13:28] {Threei}  told ya

[13:28] {Threei}  no touchie

[13:28] {nemo} no feelie

[13:28] {Threei}  :)

[13:29] {Threei}  tell me this market is not bipolar

[13:29] {hawkfan4} really is

[13:29] {nemo} O.K.  the market isn't bipolar

[13:29] {Threei}  spike out of nowhere, then sharp drop out of that same place

[13:30] {dino} scalpers market only

[13:31] {Threei}  totally

[13:31] {Threei}  look at GS

[13:31] {KSystems} MRX out half +.08

[13:31] {nemo} bounce at 81.6

[13:31] {hawkfan4} oh yeah, mags, down :)

[13:31] {Threei}  CNBC'S GASPARINO: ACCORDING TO SOURCES, GOVERNMENT 'BAD BANK' IDEA MAY HAVE HIT A SNAG; THE IDEA IS "ON HOLD"

[13:32] {Threei}  now we know for sure, market wants bad bank

[13:32] {hawkfan4} guess he kept his job after dropping the f-bomb yesterday

[13:32] {nemo} Did he say F***** Bad Bank today

[13:32] {nemo} hawk

[13:32] {Threei}  that's third confirmation, can't be coincidence

[13:33] {hawkfan4} dunno nemo

[13:34] {Threei}  the second they say bad bank goes ahead, I just hope we have a fraction of second to buy all FAS we can afford

[13:35] {nemo} Thank god for margin...but they'll do it over the weekend

[13:35] {Threei}  then we will be left in the dust

[13:36] {Threei}  but if we get so lucky, make sure you took out second, third and fourth mortgae, sold family posessions, wife and kids, and bought all FAS you could

[13:36] {nemo} Bad bank will have all the banks in accumulation mode.  Willain's stuff...

[13:37] {KSystems} SYKE half out +.23

[13:37] {nemo} Reminds me of joke.  "My wife said, "You either stop hunting, or I'm leaving."..................."I'm gonna' miss my wife."

[13:38] {nemo} That croaked the small cap triple also

[13:38] {Threei}  mine jujst read these lines, musingly asked where the buy button is, where to type FAS, and went to phone someone asking whether she could sell me to them

[13:38] {nemo} hehehehe

[13:39] {Threei}  drop is not done yet

[13:39] {dino} i guess i am an idiot, but fdic insures banks, they should be pre=packing bankruptcies and letting the strong pick up the leftovers. i know alot of our local bank officers...they are going gangbusters picking up loans they never had shpts at before. let the system work

[13:40] {Threei}  you are coming from assumption that capitalism should have a chance dino... it's not assumption they operate on

[13:40] {dino} also, ford hasn't taken govt. $$$ but chrysler and gm have. its unfair, let them pre-package bankruptcy, ford picks up the slack. c'mon!

[13:40] {Threei}  whoa GS

[13:41] {dino} but you know what vad, capitalism has worked here for 220 years, one or two bad years should not alter the entire model

[13:41] {Threei}  moreso, it was not capitalism that failed

[13:41] {Threei}  it was injection of socialistic ideas in it

[13:42] {Threei}  but, who are you going to tell that? to socialists?

[13:42] {KSystems} AYE out 1/4 +.42

[13:42] {dino} yes! 

[13:42] {Threei}  KS, this is really irritating

[13:42] {KSystems} wooo-hoooo

[13:42] {dino} and ks, gfj again

[13:42] {Threei}  stop that

[13:42] {KSystems} thanks dino

[13:42] {Threei}  btw guys notice:

[13:42] {Threei}  financiaals drop like there is no tomorrow

[13:42] {Threei}  look at KLAC for instance

[13:43] {Threei}  RIMM

[13:43] {Threei}  nowehere that bad

[13:43] {dino} this is your market ks

[13:43] {Threei}  and some are actually holding nicely

[13:43] {Threei}  this is our clue to the future rally,

[13:43] {dino} but vad look at aapl and many others

[13:43] {Threei}  most likely led by other sectors, not finjancials

[13:44] {Threei}  AAPL barely came to prvious low

[13:44] {Threei}  look at GS

[13:44] {Threei}  buck and half below previous low before first bounce attempt

[13:45] {dino} still dropped hard imo

[13:45] {Threei}  ok, let' watch FAS for pullback and double bottom

[13:45] {Threei}  sure... I am talking about relative strength

[13:48] {Threei}  pullback under .20 was too fast and shallow to get in

[13:49] {Threei}  I was waiting for something close to .10

[13:55] {Threei}  jeez

[13:55] {Threei}  I started typing FAS at .21

[13:56] {Threei}  and it was above .30 before I could finish

[13:56] {Threei}  what the

[13:56] {Threei}  who said what where this time?

[13:57] {cujo} fas makin moves

[13:57] {hawkfan4} nutty

[13:57] {Threei}  moves?

[13:57] {Threei}  leaps of crazy anthelope

[13:57] {KSystems} drunken kangaroo?

[13:58] {Threei}  who got turpentine injection in the butt

[14:02] {Threei}  WHITE HOUSE SPOKESPERSON: PRESIDENT OBAMA WILL DO WHAT IS NECESSARY TO PASS A STIMULUS PACKAGE

[14:02] {Threei}  dissolve senate

[14:02] {Threei}  issue decree

[14:02] {Threei}  done

[14:03] {magoo} form new socialist party

[14:03] {Threei}  we are so close to USSR model, why not just go ahead and make it official

[14:10] {cosmo} how's 'silicone curtain'?

[14:11] {KSystems} s sm PKX .10 stop .51

[14:14] {KSystems} i have never even heard about those companies...

[14:18] {Threei}  KS... saw those prints that took .10 out?

[14:18] {KSystems} no

[14:18] {Threei}  a minute ago?

[14:19] {KSystems} nah, didnt watch it

[14:19] {Threei}  anyway... you are welcome

[14:19] {KSystems} i put my strategy in, not touching it anymore

[14:19] {KSystems} lol

[14:19] {KSystems} need some market help to the downside

[14:20] {Threei}  market is not much about help this week, any direction

[14:21] {cosmo} its coiling?

06[14:23] * Threei pokes PKX with sharp stick

[14:26] {Threei}  hmmm... I am afraid that was wrong side

[14:26] {Threei}  sorry ks

[14:27] {KSystems} AYE out rest +.27

[14:27] {KSystems} MRX out rest -0.01

[14:28] {KSystems} PKX stopped -.55

[14:28] {Threei}  another crazy jump FAS

[14:31] {KSystems} l hl EQY .87 stop .64

[14:40] {KSystems} s sm SAFM .74 stop .01

[14:46] {Threei}  WHITE HOUSE PRESS SECRETARY: REVIEWING 'BUY AMERICAN' PART OF STIMULUS BILL; RECONSIDERING A FOREIGN STEEL BAN IN THE BILL - SUMMARY OF COMMENTS

[14:46] {Threei}  Canada is up in arms about that

[14:48] {dino} protectionism is not the answer

[14:50] {Threei}  it is - if you look for way to trurn recession into depression

[14:52] {nemo} feels like market is just going to fizzle to the close...then again...wouln't be the first time I was wrong today.

[14:52] {Threei}  really?

[14:52] {Threei}  hmmm

[14:52] {Threei}  I for one am never wrong

[14:52] {Threei}  I am early

[14:53] {Threei}  or fashinably late

[14:53] {nemo} look at volume...

[14:54] {KSystems} EQY stopped -.25

[14:56] {dino} so, let me see, the plan is to 1) keep insolvent companies alive 2) keep their current (mis)management 3) add protectionism 4) give unions more power 5) increase welfare payments 6) tax the income earners even more

[14:57] {dino} sounds more like a kingdom than a country

[14:57] {Threei}  7) limit trade with other countries

[14:57] {dino} "change is coming" just forgot to mention towards socialism

[14:58] {magoo} I THOUGHT THIS WAS A TRADING ROOM

[14:58] {Threei}  then again... e new it from the campaign, didn't we

[14:58] {Threei}  magoo, don't yell

[14:58] {dino} my apologies magoo, just not seeing any trades

[14:58] {Threei}  you almost rendered me deaf

[14:59] {magoo} you guys do this EVERY OTHER DAY

[14:59] {Threei}  'cause we enjoy our jaundicity

[15:00] {dino} saves me $

[15:00] {Threei}  if you see any worthy trade, feel free to share

[15:00] {dino} feels like yesterday so far, big down may be coming

[15:03] {dino} aapl sm l .90

[15:04] {dino} stop is .57

[15:05] {Threei}  FAS is about to dive under .20

[15:06] {Threei}  looking for entry

[15:06] {Threei}  ideally around .10

[15:08] {Threei}  didn't give a chance

[15:12] {KSystems} SAFM stopped -.51

[15:19] {nemo} geez

[15:20] {dino} stopped aapl -.33

[15:20] {nemo} feel like any plays now might be  sucker's bet

[15:20] {Threei}  (CA) CANADIAN FIN MIN: CANADA DOES NOT NEED A "BAD BANK" TO ABSORB ASSETS

[15:21] {dino} -5% since wed. all 3 averages

[15:21] {_vinthombre} FAS entry?

[15:22] {Threei}  one more leg down

[15:22] {Threei}  closer to 9

[15:22] {magoo} AMZN long  vad?

[15:23] {Threei}  crossback over 58 mags

[15:23] {magoo} if mkt bounces

[15:23] {Threei}  if holding above .85

[15:24] {magoo} unreal; strenght it has

[15:24] {dino} i should've stayed w/my gut feel

[15:24] {dino} [15:00] {dino} feels like yesterday so far, big down may be coming

[15:25] {Threei}  FAS almost ready

[15:25] {Threei}  in .96

[15:25] {Threei}  astop under .90

[15:26] {Threei}  half out .07

[15:26] {nemo} had orer at .91 damn

[15:26] {cujo} thanks Vad.  

[15:26] {Threei}  :)

[15:27] {Threei}  stop .99

[15:27] {Threei}  should have take .14

[15:28] {Threei}  out

[15:28] {Threei}  oversat a little

[15:29] {Threei}  closer to .80 this time

[15:32] {Threei}  in

[15:33] {Threei}  stop under .75

[15:33] {Threei}  keeping it very tight

[15:36] {Threei}  stop to under .80

[15:36] {Threei}  hard to tell, wanted over .90

[15:36] {Threei}  maybe should have just grabbed 10 cents scalp

[15:37] {Threei}  out flat

[15:37] {jmb} thanks vad - took 10 cent scalp

[15:37] {Threei}  like hot potatoe

[15:37] {cujo} same here

[15:37] {Threei}  jmb :)

[15:37] {cujo} thanks Vad

[15:39] {Threei}  okay, that was idiotic trade on my part

[15:39] {nemo} you were just early

[15:39] {Threei}  yes, forgot

[15:40] {Threei}  okay... feeling better

[15:41] {Threei}  took .88 - 9.01

[15:41] {Threei}  total feel of hot potato in hands

[15:41] {magoo} me to vad 9.02

[15:41] {Threei}  :)

[15:41] {Threei}  see? and you screamed at me as if I stole your beach towel

[15:41] {magoo} u think AMZN closes strong?

[15:42] {Threei}  when something comes around we wake up

[15:42] {Threei}  I don't know about AMZN... thing is hirribly overtraded today

[15:42] {Threei}  no way tyo tell who wants out more

[15:42] {Threei}  let's better do one last FAS

[15:43] {magoo} k

[15:43] {Threei}  .90 was it but we talked too much

[15:43] {Threei}  lol

[15:43] {magoo} :)

[15:45] {Threei}  ok... pullback to 9 or just under

[15:46] {KSystems} l hl BVN .91 stop .69

[15:46] {Threei}  in .92

[15:46] {magoo} 95

[15:46] {cujo} missed.  Darn.

[15:46] {Threei}  out

[15:46] {Threei}  9.07

[15:46] {magoo} out 08

[15:46] {cujo} nice

[15:47] {Threei}  I need a creme for those burns

[15:47] {Threei}  wow

[15:47] {Threei}  thing had even more in it

[15:47] {Threei}  didn't expect it at the end of the day

[15:47] {Threei}  but hey

[15:47] {Threei}  end of the day turned fun

[15:48] {cujo} was a goo dlittle run of scalps. 

[15:48] {Threei}  dino... when you walk by magoo, put an elbow in his ribcage on my and your own behalf... so he knows better next time than yell at us while we exercise our grumbliness

[15:49] {Threei}  too bad we have to limit ourselves to these tiny scalps

[15:49] {Threei}  but there is time for everything

[15:49] {magoo} tough week

[15:49] {Threei}  when market stops being this paranoid, our real plays will be back

[15:50] {Threei}  oh yeah, I am happy ti finish this week on such note

[15:51] {Threei}  3-4 quick scalps for 10-12 cents each

[15:51] {Threei}  that's your 400 bucks to finish the week right there

[15:52] {cujo} or 40 if your the FNG... (f'ing new guy) :)

[15:52] {Threei}  again... there is a time for everything

[15:52] {Threei}  training wheels...

[15:52] {Threei}  then you take them off

[15:53] {Threei}  and start getting real bruises :)

[15:53] {cujo} ha ha ha..  can't wait. 

[15:53] {Threei}  you have MPP

[15:53] {Threei}  go over last part

[15:53] {Threei}  Practical Trading

[15:53] {Threei}  procedure for increase shares

[15:53] {cujo} yup. 

[15:53] {Threei}  criteria when and how to do it

[15:53] {cujo} have right in front of me.  

[15:53] {Threei}  just follow it... you'll be fine

[15:54] {cujo} sounds like a plan. 

[15:54] {Threei}  how do you like videos btw?

[15:54] {cujo} the scalping one is good

[15:54] {cujo} only through disc 1 right now. 

[15:54] {Threei}  one?

[15:54] {cujo} disc 2 tonight

[15:54] {Threei}  there are desons of them :)

[15:54] {Threei}  dosens too

[15:55] {Threei}  okay... then you haven't gotten to real meat yet

[15:55] {cujo} not yet

[15:55] {cujo} soon.  what disc real meat at?

[15:55] {Threei}  like I remember

[15:55] {Threei}  2 and 3 :)

[15:55] {cujo} :)

[15:55] {cujo} funny, remember that room member i was asking you about a long time ago "burn"?

[15:56] {Threei}  yes

[15:56] {cujo} he is on the screen shot in the video 

[15:56] {cujo} when yo go over the chat room

[15:56] {Threei}  :)

[15:56] {Threei}  4th disk is actual seminar recording

[15:57] {Threei}  don't look at my image if you have troubles sleeping

[15:57] {cujo} that could be interesting.  Live Workshop?

[15:57] {cujo} ha ha ha

[15:57] {Threei}  yes

[15:57] {cujo} many more demons keeping me awake at night...

[15:57] {Threei}  main screen is slides that I had on the screen,

[15:58] {Threei}  and me in the corner

[15:58] {Threei}  talking, gesturing

[15:58] {Threei}  and generally spoiling the mood

[15:58] {cujo} he he

[15:58] {Threei}  okay guys

[15:58] {magoo} ty vad

[15:58] {Threei}  let's call it a day

[15:58] {nemo} gnite

[15:58] {cujo} have a good wknd all.  

[15:58] {dptl} have a good weekend all

[15:59] {hawkfan4} enjoy all

[15:59] {dawg} thanks vad and all

[15:59] {Threei}  glad to finish this week, honestly... first one in many months I had so much troubles with

[15:59] {Threei}  thank you all, have a good weekend

[15:59] {_vinthombre} thanks all

[15:59] {Threei}  take care wnthombre, see you on mondau

[15:59] {_vinthombre} sure,thx

[16:00] {fernp} tough week here. Have a relaxing weekend all

[16:00] {_vinthombre} i enjoyed being in chat rm today

Jan 29 2009

Many room members found quite a few nice plays; I was mostly sitting things out. Other than GERN nice run-up and something unusual happening with PALM, not much interesting.                                                                                                           

Session Time: Thu Jan 29 00:00:00 2009

[07:39] {hawkfan4} poor DRYS

[08:08] {nemo} mornin'

[08:08] {hawkfan4} morning nemo

[08:08] {Onix} Good morning early birds :)

[08:09] {hawkfan4} Onix :)

[08:09] {nemo} it's late on the east coast

[08:09] {Onix} 5 am over here

[08:09] {nemo} it's after lunch for ksystems

[08:09] {hawkfan4} where are you Onix?

[08:09] {KSystems} *burp*

[08:09] {KSystems} yeah, just finished

[08:09] {Onix} Vancouver, Canada

[08:09] {nemo} na ja...sei geduldig

[08:09] {hawkfan4} Ah, cool

[08:09] {Threei}  [19:30] {elepet} OMG...It's late and noone is here i guess, but i just took a look at DRYS after hours. way way down, and i absolutely forced myself to sell 5 minutes before the close with a nice profit. So thank you all.

[08:09] {nemo} und auch gnadig

[08:10] {hawkfan4} whew, was wondering about that

[08:10] {Threei}  :)

[08:10] {Onix} sounds likeAfrikaans nemo?

[08:10] {hawkfan4} scalped 8.85 to 9.19

[08:10] {nemo} nope...but related

[08:11] {Onix} dutch?

[08:14] {cosmo} i'll buy

[08:14] {nemo} Deutsch

[08:15] {nemo} well, my approximation of what I can remember, Ksystems is probably squirming in grammatical disgust

[08:20] {KSystems} by comparing german to africaans?

[08:20] {KSystems} no

[08:20] {KSystems} just ignoring you from now on ;)

[08:21] {KSystems} DRYS blood...

[08:21] {KSystems} news?

[08:22] {nemo} no meine Fahigkeit

[08:22] {hawkfan4} yes, 500 million$ offering of shares, + a downgrade this morning

[08:30] {Threei}  practically doubled shares

[08:31] {larisa} morning

[08:31] {nemo} that's what happens when banks aren't lending-inwestor dilution

[08:31] {Threei}  larisa :)

[08:31] {nemo} larisa :)

[08:31] {larisa} threei, nemo :)

[08:32] {Threei}  INITIAL JOBLESS CLAIMS: 588K V 575KE; CONTINUING CLAIMS: 4.776M V 4.620ME

[08:32] {Threei}  - Prior jobless claims revised from 589K to 585K

[08:32] {Threei}  - Prior continuing claims revised from 4.607M to 4.617M

[08:32] {Threei}  DEC DURABLE GOODS ORDERS: -2.6% V -2.0%E; DURABLES EX-TRANSPORTATION: -3.6% V -2.7%E

[08:32] {Threei}  - Prior Durables revised from -1.5 to -3.7%

[08:32] {Threei}  - Prior Durables Ex Transportation revised from +0.6% to -1.7%

[08:35] {larisa} DRYS is not nice, hope elepet sold 

[08:36] {Threei}  [19:30] {elepet} OMG...It's late and noone is here i guess, but i just took a look at DRYS after hours. way way down, and i absolutely forced myself to sell 5 minutes before the close with a nice profit. So thank you all.

[08:36] {larisa} good :)

[08:36] {cujo} g'morning

[08:36] {Threei}  cujo :)

[08:36] {nemo} You ought to try your other arm, Vad...

[08:36] {larisa} good morning cujo

[08:36] {cujo} morning larisa

[08:36] {nemo} dog...

[08:36] {cujo} nemo

[08:37] {Threei}  anyone here is a fan of Lost?

[08:37] {nemo} Hey Hawk...Bruins might actually make some serious noise this year...only been 20 years

[08:37] {nemo} No

[08:38] {hawkfan4} They are looking good.  i'm just glad the Hawks are finally starting to get it together.  It's been a long time since they've been even decent.

[08:39] {nemo} I can empathize

[08:39] {hawkfan4} i am Vad

[08:40] {KSystems} Yes Vad

[08:40] {KSystems} love it

[08:40] {Threei}  :)

[08:40] {Threei}  creators said befofe this season start, they are in answers mode now,

[08:40] {KSystems} but dont spoil me =) recent two seasons havent aired in germany

[08:41] {Threei}  yeaterday's episode, if anything, only adds questions, lol

[08:41] {Threei}  oh, wow

[08:41] {Threei}  that's a bummer

[08:41] {Threei}  IMO, last two are the best

[08:41] {ese} morning

[08:41] {Threei}  ese :)

[08:41] {hawkfan4} hey es

[08:42] {Threei}  they are on internet somewhere I believe KS

[08:42] {Threei}  ad before the episode had url

[08:44] {Threei}  http://abc.go.com/primetime/lost/index?pn=index

[08:45] {Threei}  oh, great

[08:45] {Threei}  only for USA veiwers

[08:46] {nemo} maybe a torrent site

[08:46] {Threei}  but that would be commerial-free

[08:48] {ese} hey hawk.....was down on the floor doing stretching exercises

[08:48] {i2romantis} morning everyone!

[08:49] {Threei}  i2r :)

[08:49] {cujo} morning i2r

[08:49] {hawkfan4} that actually sounds like a good idea es

[08:50] {Threei}  (RU) RUSSIA PM PUTIN REPORTEDLY SETS OIL EXPORT DUTY AT $100.90/TON

[08:50] {Threei}  great... now we have to convert ton to barrel

[08:51] {nemo} The Tsar is back....

[08:51] {nemo} that's like $25 a barrel

[08:52] {Threei}  with abundance of oil on the market, sounds like surefire way to render themselves irrelevant

[08:52] {nemo} or give others ideas

[08:53] {cosmo} why burn oil when you can burn bridges?

[08:53] {nemo} Only temporary cosmo

[08:54] {cosmo} yes... fires eventulaly die

[08:54] {Threei}  I saw Gore on TV yesterday... he told me we are at the tipping point

[08:54] {cosmo} eventually

[08:54] {cosmo} cheers then

[08:55] {Threei}  I expected the sentence to end with "... frm warming to cooling"

[08:55] {Onix} you spoke to Gore on TV Vad?

[08:55] {Threei}  well, they talk to me... sometimes I try to asnwer

[08:55] {Onix} :D

[08:55] {Threei}  but my answers are rarely suitable for women and children

[08:56] {nemo} Yeah, archeologists centuries from now will find him frozen in a glacier

[08:56] {Onix} :O

[08:56] {Threei}  and considering how rich Russian is in swearing department...

[08:58] {Onix} you don't have one of those rubber bricks you can throw at the tV?

[08:59] {Onix} it works better than throwing the remote ... trust me

[09:01] {Threei}  no, I don't go that far

[09:02] {Threei}  swearing at TV is relaxation tchnique to me

[09:03] {nemo} I was at a party once where the guy who owned the place got up and put a 1 wood right through the screen...relaxation I guess

[09:03] {nemo} nice swing actually

[09:04] {cujo} what was showing on the TV that made him that mad?

[09:04] {cujo} and by 1 wood, do you mean a Driver or a 1 iron?

[09:04] {hawkfan4} i'm guessing it was CNBC

[09:04] {cujo} ha ha ha

[09:05] {nemo} I was "rather drunk at the time" to quote a favorite Pom.  I don't remember 1 wood=driver, yes.  Sorry....OLD school.  Nah, twenty years ago.

[09:05] {cujo} ha ha ha.  that is funny.  

[09:06] {nemo} Yeah, good thing I was driving...could barely walk

[09:06] {dino} gm all

[09:07] {nemo} dino :)

[09:08] {dino} gm nemo

[09:09] {Threei}  dino :)

[09:09] {cujo} morning dino

[09:09] {cujo} you make the McDonalds run this morning?

[09:10] {fernp} Hello everybody

[09:10] {Threei}  fern :)

[09:10] {elepet} good morning all

[09:11] {nemo} little C&H on FAZ just broke

[09:11] {Threei}  good morning elepet, congratulations on timely DRYS exit

[09:11] {hawkfan4} no kidding, nice job

[09:11] {dino} no cujo, magoo's upset

[09:12] {cujo} :(

[09:13] {dino} sidetracked, daughters' at my office skipping school

[09:13] {cujo} ahh, bring your kids to work day.  

[09:13] {cujo} Dino jr.

[09:13] {ese} am still long DISH  .29 from yesterday....am gonna dump at open

[09:13] {dino} no, he got on the bus

[09:14] {Threei}  12.29?

[09:14] {elepet} thanks. i wasn't sure anyone saw that post. it really was sstrange. 6 minutes before close i sold half. 3 minutes later i had a panic call and sold the rest. not at the price i wanted but enough. whew.

[09:14] {ese} 13.29

[09:14] {cujo} great call el

[09:15] {Threei}  I saw elepet, was happy to see

[09:15] {ese} should have gotten rid of it at .45 to .50 but wasn't near my computor

[09:15] {ese} hanging defeats purpose of the trade ...was just a day trade

[09:16] {cujo} Vad, outside of usual suspects, anything you think we should keep a close eye on this AM?

[09:17] {Threei}  not at this point, I don't see anything trading in unusual enough way to warrant special attention

[09:17] {magoo} SIGHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHH

[09:17] {Threei}  sheesh... magoo, torture is forbidden now, haven't you heard

[09:17] {Threei}  so id self-torture

[09:17] {Threei}  in which you are engaged

[09:18] {dino} well; hell is repetition (storm of the century)

[09:19] {cujo} s qqqq .01

[09:19] {Threei}  as much as ChanServ enjoys it... I'd still urge you to talk to KS and set it up right finally :)

[09:19] {ese} the only way that little message could be more annoying is if they put in capitols and highlighted the word "YOU" are not permitted etc etc

[09:19] {Threei}  lol

[09:20] {nemo} Or...they lifted your name and inserted that..

[09:20] {magoo} you are not coming up in floor today vad

[09:21] {Threei}  I am

[09:21] {Threei}  [09:19] {Alert} Threei as much as ChanServ enjoys it... I'd still urge you to talk to KS and set it up right finally :)

[09:21] {Threei}  [09:19] {Alert} Threei lol

[09:21] {Threei}  [09:21] {Alert} Threei I am

[09:21] {Threei}  that's from floor

[09:22] {i2romantis} he is, as far as I can tell

[09:22] {i2romantis} maybe config on your end, mag

[09:22] {magoo} not in mine

[09:22] {i2romantis} odd

[09:23] {nemo} Yep...I get vad 5x5

[09:23] {KSystems}                                                                                                                                                                                                                                                                                                                                         whats happening magoo?

[09:23] {KSystems} oops

[09:23] {i2romantis} markets are also odd this morning, opening below the waist

[09:23] {nemo} that's where magoo thinks

[09:23] {nemo} a pimple on his a$$ is a brain tumor

[09:23] {nemo} had to...sorry

[09:25] {magoo} i need help K..but later ok?

[09:25] {KSystems} sure

[09:25] {magoo} vad type sdomethging

[09:26] {Threei}  sdomethging

[09:26] {hawkfan4} lol

[09:26] {cujo} he he he

[09:26] {nemo} type it vad...not copy/paste

[09:26] {Threei}  {magoo} i need help {--- I waited for this admission for years

[09:27] {magoo} ty..weird..fist time flloor been dead..its open ..just says im in that room which is diferent too

[09:27] {nemo} were you sitting down?

[09:27] {magoo} but wanna trade 

[09:27] {magoo} so later

[09:27] {Threei}  skipping first min utes guys, don't see anything trade-ready

[09:29] {i2romantis} my hunch is that DRYS is too low, we'll see

[09:29] {Threei}  could be i2r, it's just first reaction on such dump is violwent,

[09:30] {Threei}  risk is large, and this was not a very safe stock to begin with

[09:30] {i2romantis} true

[09:30] {dino} secondary $500m drys

[09:30] {Threei}  I would prefer very sharp selloff on it, one of those "out of anything remotely reminding sensible"

[09:31] {Threei}  those produce more readable scalps

[09:31] {dino} might be easier to play tbsi, nat

[09:31] {Threei}  or prolonged consolidation, digestion of selling pressujre, then break

[09:32] {Threei}  FAS nice jump

[09:32] {Threei}  watching if it pulls back again to form double bottom

[09:32] {dino} ndx gap 1194, 845, 8083

[09:33] {hawkfan4} nice heads up on DRYS vad, thx

[09:33] {hawkfan4} wow

[09:33] {Threei}  wild one

[09:34] {Threei}  drop to 9.20 will probably be wort a try

[09:34] {Threei}  and FAS to about 11

[09:35] {ese} L SYMC .60

[09:35] {ese} stop .50

[09:36] {ese} out dis by the way at .20 -.09

[09:36] {Threei}  DRYS

[09:36] {ese} DISH

[09:36] {dptl} gm all

[09:36] {Threei}  in .17

[09:36] {Threei}  stop under 9

[09:36] {Threei}  half lot

[09:38] {Threei}  stop to under .10

[09:39] {Threei}  out

[09:40] {ese} Symc stopped 

[09:40] {ese} .01 -.09

[09:41] {ese} thought that it had the moxy to go....

[09:41] {Threei}  wow POZN

[09:41] {i2romantis} DRYS is staying above water while the rest of the market is taking a dive

[09:41] {Threei}  06:06am [POZN] Informed by FDA That Endoscopic Gastric Ulcer incidence continues to be an acceptable primary endpoint

[09:42] {Threei}  yeah, I guess was worth holding a bit

[09:42] {ese} long SEPR .40

[09:42] {Threei}  anyway, if you are still in, start taking profit

[09:42] {ese} full lot

[09:43] {ese} out SEPR .60 +.20

[09:44] {Threei}  good one

[09:44] {Threei}  and qwuick

[09:44] {ese} like quick for sure

[09:45] {Threei}  FAS

[09:45] {cujo} c & h drys?

[09:46] {Threei}  coming into bounce zone

[09:46] {dino} sigi

[09:46] {Threei}  as close to 11 as possible

[09:46] {Threei}  to 11.10, sorry

[09:47] {Threei}  not really on DRYS, cujo

[09:47] {cujo} got it

[09:48] {dino} sqnm

[09:49] {ese} long STX .98

[09:49] {dino} cat hap fill

[09:50] {Threei}  FAS

[09:50] {KSystems} in .05

[09:50] {Threei}  in .05

[09:50] {magoo} .10 here

[09:50] {cujo} .05

[09:51] {Threei}  stop under 10.90

[09:52] {Threei}  come on, that's serious overstretch

[09:52] {Threei}  bounce already

[09:52] {Threei}  grrr

[09:52] {KSystems} stopped here

[09:52] {dino} watching cat, sigi, sqnm, t, mcd

[09:53] {larisa} APOL is only happy one thi smorning

[09:54] {nemo} Mags...go to the bathroom

[09:54] {hawkfan4} watching HIG

[09:54] {magoo} need another cup joe first

[09:55] {Threei}  16 break on HIG hawk?

[09:55] {hawkfan4} .05 for me

[09:55] {magoo} in HIG 16

[09:55] {cujo} got back into fas .83

[09:55] {cujo} out .93

[09:56] {Threei}  wtg

[09:56] {hawkfan4} drys holding nice too

[09:57] {ese} OK Vad need your guidance on STX     had 2 1/2 lots at .98   real quick stop .94 I'm up .02   any thoughts

[09:57] {ese} not had ...have

[09:58] {ese} looks up....

[09:58] {Threei}  no idea es... trades too slow to tell anything

[09:58] {hawkfan4} watching GS for dbl bottom too

[09:58] {ese} tks

[09:59] {nemo} Battle of Hastings moment for FAS

[10:00] {Threei}  DEC NEW HOME SALES: 331K V 397KE

[10:00] {cujo} thanks hawk, caught that bounce for + .10

[10:00] {cujo} GS

[10:00] {hawkfan4} nice :)

[10:00] {Threei}  (-14.7% M/M)

[10:00] {cujo} rimm fast selling

[10:01] {Threei}  HIG looks better now

[10:02] {Threei}  FAS is probably ready

[10:02] {fernp} cover HBAN +.10

[10:04] {ese} out STX .06 + .08 

[10:04] {dino} sm mcd l .50

[10:04] {ese} 2 1/2 lots couple a hyndred bills....nerve racking

[10:05] {KSystems} l FAS .57

[10:05] {ese} don't trade with size like that very often.....

[10:05] {KSystems} out FAS +.10

[10:05] {hawkfan4} in HIG

[10:06] {hawkfan4} stop under .80

[10:06] {dino} cat sm l .00

[10:06] {KSystems} took HIG from .01 to .10 thanks hawk

[10:07] {hawkfan4} np :)

[10:08] {cujo} Hawk in fuego

[10:08] {magoo} i was thinking .43 area exit HIG

[10:08] {hawkfan4} me too mags

[10:09] {magoo} lowest i saw was .88

[10:09] {dino} mstr

[10:10] {dino} axys

[10:11] {magoo} no mkt help hawk

[10:12] {ese} mstr long dino?

[10:12] {dino} no

[10:12] {dino} liking axys for bounce

[10:13] {ese} was looking at LRCX

[10:13] {ese} for bounce

[10:14] {dino} you remind me of bruce es

[10:14] {dino} compliment. he mad me $

[10:14] {ese} purquo?

[10:15] {ese} long LRCX 1/2 .24

[10:15] {dino} lrcx pretty good miss

[10:16] {dino} wynn good drop, coming into 5 day support

[10:16] {Threei}  COCO 52 weeks highs

[10:17] {ese} if QQQQ heads up i may stay with LRCX....but i might have missed the momentum

[10:18] {dino} trade the plan es

[10:19] {ese} ya...good point stop is at .10

[10:19] {Threei}  SQNM

[10:19] {Threei}  CEO: BELIEVES SELL OFF TODAY ATTRIBUTED TO REPORT OF A FALSE POSITIVE IN DATA RELEASED YESTERDAY - CNBC COMMENTS

[10:21] {dino} sort of like a preg scare

[10:21] {hawkfan4} definitely no lose on HIG now

[10:21] {dino} real$ saying same 3i

[10:21] {ese} stopped LRCX .07

[10:22] {ese} -.17 on 1/2

[10:22] {ese} auchhhhhh du myaa!!!

[10:23] {cujo} l MCD .44

[10:24] {ese} looks good on pullback cujo

[10:24] {ese} could be triple botom

[10:25] {magoo} long Q .85

[10:25] {magoo} .74 stop[

[10:25] {magoo} kickin HIG

[10:25] {magoo} taking too long

[10:26] {hawkfan4} GS 85.10 break should help

[10:26] {hawkfan4} nice

[10:26] {magoo} wow..nice kick

[10:26] {cujo} out mcd .50

[10:26] {Threei}  hig looks to me a better play as entries on those gut-wrenching pullbacks and sell into spikes

[10:27] {ese} good one cujo

[10:27] {cujo} thanks ese

[10:27] {magoo} id say it applies to all today vad

[10:27] {Threei}  yes mags, I mean as in multiple plays vs. hold

[10:28] {magoo} mkts a biut overbought here...4 days up...weak volume

[10:28] {magoo} bit

[10:28] {magoo} risk is  to downside

06[10:29] * dino slaps magoo around a bit with a large trout

[10:29] {Threei}  APOL and COCIO non-stop

[10:29] {magoo} what for ding dong?

[10:29] {Threei}  I wonder if CECO want to play catch-up

[10:29] {dino} exp week, gaps almost filled, -140 dji, short is risky imo

[10:30] {dino} probabilities

[10:30] {larisa} CHK no pullbacks too 

[10:30] {dino} wynn sm l .50

[10:31] {magoo} news APOL vader?

[10:31] {dino} n.gas -186 bcf

[10:31] {Threei}  no... general strength in education sector

[10:32] {magoo} ill go get some bananas to dangle over coco "the monkey" if u choose to enter

[10:33] {dino} cpla not following, watching it

[10:33] {ese} L SEPR .18 3/4

[10:34] {Threei}  here comes anohtre one of those HIG pullbacks

[10:34] {Threei}  quick .24 - .38 scalp

[10:35] {hawkfan4} 1/2 out .44

[10:35] {ese} out SEPR .36 +.18

[10:36] {dino} gj

[10:36] {ese} tks

[10:37] {cujo} Vad, missed the HIG, would you get back in on another pullback to .20s?

[10:37] {Threei}  can't tell in advance cujo

[10:37] {Threei}  it's kind of tick by tick read

[10:37] {KSystems} in current uptrend could be around .30 as well?

[10:37] {magoo} anyone take Q call? let it trade

[10:37] {magoo} should see 30

[10:37] {Threei}  right KS

[10:37] {cujo} ok

[10:39] {dino} larisa close +150ish

[10:40] {larisa} i like optimists :)

[10:40] {dino} next week i'll switch sides

[10:41] {hawkfan4} .40 stop for the rest of HIG

[10:41] {dino} cpla may try to catch up w/esi coco, apol on break of .00

[10:42] {Threei}  HIG is break-ready

[10:44] {KSystems} got +.10 on HIG thanks vad

[10:45] {Threei}  :)

[10:46] {KSystems} s hl LBTYA .74 stop @.96

[10:47] {dino} axys sm l .78

[10:47] {Threei}  sheesh... can you believe FAS?

[10:49] {Threei}  HIG

[10:49] {Threei}  watch pullback

[10:49] {Threei}  won't be possible to call on the go most likely,

[10:50] {Threei}  what you want to see is this instant teleportation 10-15 cents lower

[10:50] {Threei}  pause for entry, then quick ramp back up to dump into

[10:51] {Threei}  GS

[10:51] {Threei}  TO REPORTEDLY SELL 10 YEAR NOTE NOT BACKED BY FDIC - UNCONFIRMED REPORT

[10:51] {KSystems} s hl AFG .17 stop @.39

[10:52] {dino} apei joining ed stocks move

[10:54] {ese} L CENX .70 

[10:55] {dawg} thanks magoo got .30

[10:55] {dawg} Q's

[10:56] {magoo} nice dawg..welcoime

[10:56] {dawg} ).

[10:57] {hawkfan4} sold rest hig .53, getting sleepy staring at it

[10:57] {fernp} cover MWV +.12

[10:57] {dino} gj

[10:57] {magoo} out too .50 hawk

[10:58] {ese} indeed nice doughggg

[10:58] {hawkfan4} nice mags

[11:05] {dino} axys stopped -.38

[11:05] {Threei}  FED TO PURCHASE AGENCY DEBT TOMMOROW

[11:05] {Threei}  {FNM FRE}

[11:08] {Threei}  HIG is practically indifferent to market selling here

[11:12] {Threei}  aiming for 17

[11:15] {dptl} grabbed .75 to .95 hig

[11:15] {Threei}  :)

[11:16] {KSystems} s IYW .92 stop @.02

[11:17] {dino}  stuck in tight range

[11:17] {dino} markets that is

[11:18] {larisa} dino, took several CAT scalps .10 -.25. ranging nicely. you still in ?

[11:21] {dino} gj larisa, yes, feeling .60s

[11:22] {dino} nice base tho, you may have the better idea

[11:22] {dino} markets coiling, big move coming

[11:23] {nemo} yeah, but which way ino

[11:23] {larisa} too close to 52W low. I am watching for CAT to break down. pessimist here :)  

[11:23] {larisa} but want it to hit .60 first for you :)

[11:23] {dino} lol

[11:23] {Threei}  WFC

[11:23] {Threei}  HEARING VAGUE CHATTER CIRCULATING OVER POSSIBLE SPOT SECONDARY OFFERING

[11:23] {nemo} not you too Larisa

[11:24] {dino} if markets get a bid, it will to, otherwise.......

[11:24] {Threei}  HIG seems to be done for now

[11:24] {Threei}  scalps on bounces, but no more new highs for a while

[11:25] {Threei}  PALM, something started happening here

[11:26] {nemo} There's somethin' happenin' here...what it is ain't exactly clear...

[11:30] {nemo} FAS vad?

[11:30] {Threei}  one more leg down would be nice

[11:31] {nemo} volume hasn't capitulated?

[11:31] {ese} see you all in about 1 1/2 hrs

[11:31] {Threei}  it generally tends to go a bit more just when it seems to be ready to reverse

[11:32] {Threei}  take care ese

[11:36] {hawkfan4} PALM

[11:37] {Threei}  I don't see news

[11:37] {Threei}  but something was breweing

[11:37] {cujo} that is me covering my short

[11:37] {hawkfan4} me either.  got .96

[11:38] {cujo} :)

[11:38] {hawkfan4} and missed that spike, doh

[11:39] {Threei}  that was speed of light

[11:39] {Threei}  but continues climbing

[11:39] {hawkfan4} i move more at the speed of syrup

[11:40] {Threei}  US HOUSE SPEAKER PELOSI: LOOKS FORWARD TO ANY REVISIONS CONDUCTED BY SENATE ON FINANCIAL BILL PASSED YESTERDAY

[11:40] {KSystems} IYW out 1/2 +.01

[11:40] {KSystems} blah

[11:40] {KSystems} +.10

[11:41] {larisa} :)

[11:43] {Threei}  holding well

[11:43] {Threei}  .20 and then .30 break should sky-rocket it

[11:44] {Threei}  unless it's some kind of stupid rumor that gets denied quickly

[11:44] {magoo} what stok vad?

[11:44] {cujo} palm

[11:44] {magoo} ty

[11:45] {KSystems} AFG out half +.22

[11:45] {hawkfan4} yeah, torn on selling, sold .14, but want it back

[11:46] {Threei}  GEORGE SOROS: EURO MAY NOT SURVIVE WITHOUT GLOBAL PLANS TO DEAL WITH ECONOMIC CRISIS

[11:49] {Threei}  if not for this decreasing volume on daily, I would confidently say PALM is looking for 9

[11:49] {hawkfan4} back in .12 avg

[11:50] {dino} soro is short the euro obviously

[11:50] {nemo} Vad's short the euro

[11:51] {magoo} and nemo's just plain short 

[11:51] {nemo} stuck my chin out on that one

[11:51] {Threei}  I am pretty sure euro is in grave danger

[11:51] {dino} lol

[11:51] {Threei}  .20 is taken

[11:52] {dino} could be vad, of course the $ was too a few months ago. cycles imo

[11:52] {Threei}  well... euro has additional risks that $ doesn't

[11:52] {KSystems} in PALM

[11:52] {nemo} yeah...how many countries?

[11:52] {dino} yes, members may get out

[11:53] {Threei}  right... EU cohesion is a big risk factor

[11:53] {nemo} no, germany will want to get out...euro=deutschmark

[11:53] {nemo} stimmt herrn K?

[11:55] {magoo} restroom indicator still in force

[11:55] {dino} t getting interesting

[11:55] {magoo} represents UP

[11:56] {magoo} long MCD .35

[11:56] {Threei}  remember NURO mentioned around 1.30?

[11:57] {hawkfan4} GS cup/handle 85-85.10 break, extra risky

[11:57] {cujo} b MCD .36

[11:58] {magoo} half out here cujo LOL

[11:58] {cujo} ;)

[11:58] {dino} roflol

[11:58] {hawkfan4} vad, u in NURO?  Was looking at it yesterday, it's nonstop

[11:59] {Threei}  no... took at at .33 when mentioned but sold .5 something

[11:59] {Threei}  looks aiming for 2 at least now

[12:01] {KSystems} palm stop is {.10 ?

[12:01] {Threei}  I guess... it's hard to place stop on momo movers, technicals do not really apply... but gotta have it somewhere

[12:02] {KSystems} IYW out 1/4 more +.20

[12:02] {Threei}  nice

[12:02] {hawkfan4} yeah, mine's under 8, see what happens if it gets there

[12:02] {larisa} gj KS

[12:02] {cujo} stopped mcd

[12:02] {KSystems} thanks

[12:02] {hawkfan4} don't want to end up married to my palm ;})

[12:02] {KSystems} stopped PALM

[12:03] {Threei}  FAS is getting spmewhere now

[12:03] {hawkfan4} HIG big pullback

06[12:06] * KSystems is listening to Yes - Changes

[12:06] {KSystems} encountered it a few days ago, this is a big one

[12:06] {KSystems} before you pick on my age Vad, I knew it before, just FOUND it again

[12:06] {nemo} My God...I remember when the first came out!

[12:07] {nemo} Mood for a Day

[12:07] {elepet} PALM...is anyone in it now? i'm in at 8.00

[12:07] {Threei}  KS, that won't help you much... I am going to pick up on you anyway, simply because that's what I do

[12:07] {hawkfan4} i am elepet, 8.12, scalped it once already

[12:08] {KSystems} thats just my foolish optimism

[12:09] {dino} pearl jam here ks

[12:10] {magoo} this has got to be 1 of your hardest weeks vad

[12:10] {nemo} playing "Over the Hills and Far Away" here

[12:10] {Threei}  in quite a while, yes

[12:12] {hawkfan4} trying HIG .25, stop .19

[12:12] {dino} evenflow nemo

[12:13] {dino} but it's a 90s alt. rock station so changes

[12:13] {dino} sm t l .65

[12:13] {Threei}  should be good for above .40 if market doesn't die hawk

[12:15] {hawkfan4} thx, i'll take it. GS needs to stop dying b4 the market rallys imo

[12:17] {hawkfan4} stopped HIG

[12:17] {KSystems} sm l ALK .59 stop @.38

[12:21] {magoo} very confusing mkt here

[12:22] {magoo} thought crash coming....now seems like trying

[12:24] {nemo} ascending triangle on FAS?

[12:26] {dino} it's a winnie the poo market, very confusal

[12:30] {KSystems} ALK half out +.21

[12:37] {magoo} someone wake vad..mkt moving

[12:37] {Threei}  where?

[12:37] {magoo} Q rIMM GS MCD

06[12:37] * KSystems slaps Threei around a bit with a large tape

[12:38] {dino} gj ks

[12:38] {KSystems} ty dino

[12:38] {Threei}  FAS is honestly trying

[12:40] {Threei}  not very successfully though

[12:40] {Threei}  so... where is it market moving?

[12:41] {larisa} I like this guy who is selling his system on CNBC:) claiming he made 100+K a day trading live in NY in front of customers. Offering his system for free, just s&h :) Why does he even bother to sell anything, just make 100K a day and be happy.

[12:41] {KSystems} ALK out rest +.10

[12:41] {magoo} [12:40] {Threei}  so... where is it market moving?

[12:41] {magoo} false alarm...again sigh

[12:42] {magoo} go back to sleep..ill wake u if

[12:42] {Threei}  I can go back to sleep?

[12:42] {Threei}  cool

[12:42] {larisa} no, talk to us

[12:42] {Threei}  I just don't want to jump on each tick

[12:42] {Threei}  they all get faded both directions

[12:43] {dino} kid rock

[12:43] {KSystems} AFG out 1/4 more +.44

[12:44] {Threei}  KS is killing it

[12:44] {KSystems} should have done this way earlier probably...

[12:44] {dino} nice

[12:55] {Threei}  (US) SENATOR SCHUMER (D): EXPERTS SAY "BAD BANK" COULD COST $1-4T

[12:55] {KSystems} LBTYA out half +.22

[12:55] {Threei}  there you go

[12:55] {Threei}  whole rally was based on hope for that bad bank

[12:58] {fernp} cover QQQQ +.10

[12:58] {dino} dji gap filled

[13:02] {Threei}  siting it out

[13:03] {Threei}  no way to tell whether we get worhy bounce or just crash'

[13:09] {Threei}  PALM is more or less holding

[13:21] {Threei} Long Setup:  GG  .40

[13:21] {Threei}  if stays above .30

[13:31] {Threei}  V?

[13:32] {Threei}  what's with this dog?

[13:32] {KSystems} l NJR .83 stop @.68

[13:33] {Threei}  HOUSE REP WAXMAN: EXPECT TO INTRO NEW TOBACCO REGS WITHIN WEEKS

[13:33] {Threei}  welcome to big nanny state

[13:35] {dino} yes.

[13:35] {dino} worse, the gov't subsidizes the tobacco growers, then taxes the manufactiueres. makes alot of sense...not

[13:35] {dino} manufacturers

[13:37] {Threei}  we nationalize banks and failed businesses, decide what you smoke, what you eat, what you earn, whether you can possess a gun... I am right back to USSR

[13:37] {dino} gets worse every year

[13:37] {cujo} see ya all.  Going to call it a day. 

[13:37] {cujo} catch you in the morning

[13:38] {Threei}  take care cujo, I don't think you'll miss much, lol

[13:38] {cujo} :)  HOpe not. 

[13:38] {dino} cya

[13:38] {dino}  brb

[13:38] {magoo} bye cujo

[13:38] {KSystems} NJR stopped -.17

[13:46] {magoo} gun to head...UP

[13:47] {nemo} Mow!

[13:47] {magoo} u in MOW?

[13:48] {nemo} No, you said gun to head, made me think of the vietnamese guy in Deer Hunter

[13:51] {KSystems} LBTYA out 1/4 more +.44

[13:53] {Threei}  not good KS

[13:53] {KSystems} ???

[13:53] {Threei}  market suffers... you should suffer with it

[13:53] {KSystems} oh

[13:53] {nemo} duck KS

[13:54] {KSystems} does it help saying its just on paper?

[13:54] {larisa} it is ?

[13:54] {KSystems} yes

[13:54] {KSystems} you didnt trade it did you?!

06[13:54] * larisa slaps Threei around a bit with a large trout

[13:54] {Threei}  hmmm... what was that for?

[13:55] {larisa} i am bored :)

[13:55] {Threei}  oh

[13:55] {Threei}  that's valid reason to slap people in your opinion?

[13:55] {larisa} it is

[13:55] {Threei}  okay then

[13:55] {nemo} wonder what's i her closet?

[13:56] {Threei}  AKM 47 I suspect

[13:57] {nemo} what's the "M" stand for?

[13:57] {KSystems} only suitable for "male" targets nemo

[13:58] {Threei}  modernized

[13:58] {nemo} Automat Kalishnikov, I just don't know what the M stands for.  She'd probably be better off with the '74

[13:58] {nemo} oh

[13:59] {Threei}  http://world.guns.ru/assault/as01-e.htm

[14:00] {magoo} im running into restrm nnow to help mkt

[14:00] {Threei}  I am hesitant to make a call on it, but PALM feels like something is ahead still

[14:04] {Threei}  if not for the general market conditions... 9 is the least it could do

[14:04] {Threei}  most likely more

[14:05] {elepet} i'm still in from 7.96 anad it feels strong for some reason.

[14:05] {Threei}  very

[14:05] {Threei}  S) SENATOR DODD (D): PRESIDENT AND FDIC MAY ANNOUNCE NEW ASSISTANCE FOR HOMEOWNERS AS SOON AS NEXT WEEK

[14:05] {Threei}  - says Obama may ask for more TARP funding beyond $700B, but would have to make a strong case for it.

[14:05] {Threei}  heh

[14:09] {Threei}  the way PALM trades makes me think some news is coming, and we see a result of leak

[14:10] {elepet} it actually has been going up steadily for the past couple of weeks.

[14:11] {Threei}  original gap and run was news

[14:13] {Threei}  01/23/09 12:37pm

[14:13] {Threei}  [PALM] Palm, Inc Best Buy Mobile Exec: We are holding talks to sell Palm's Pre smartphone, not yet ready to announce retail deal

[14:13] {Threei}  - says also in discussions with Sprint

[14:13] {Threei}  maybe these talks are getting somewhere

[14:15] {hawkfan4} had to run out for a bit, glad i survived PALM 

[14:17] {dino} what were you doing?

[14:17] {magoo} try hand lotion hawk

[14:18] {Threei}  meanies

[14:18] {hawkfan4} :) lol, i stepped right into my own trap

[14:18] {nemo} glad I wasn't...nevermind

[14:18] {dino} lol

[14:19] {elepet} I'm getting hungry. Please babysit PALM while I'm gone.

[14:19] {Threei}  just in case, lut in sell order at 8.95

[14:19] {magoo} im up 17 dollar menu cheeseburges here

[14:19] {elepet} good idea

[14:20] {Threei}  who knows wat happens while you are out... would be a shame to return to see it ran and droped

[14:21] {Threei}  VP BIDEN: CHINA MUST PLAY BY THE RULES LIKE ALL OTHER MAJOR PLAYERS

[14:21] {Threei}  sigh

[14:21] {dino} biden, please shut up

[14:22] {dino} the v.pres. should be seen and not heard

[14:22] {Threei}  GERN some activity

[14:23] {cosmo} PALM needs to hold

[14:23] {cosmo} or its a double top

[14:23] {cosmo} imho

[14:24] {cosmo} 8

[14:25] {Threei}  holding 8 and returning to high would be C&H

[14:25] {dino} vsec

[14:26] {hawkfan4} tomy

[14:26] {cosmo} palm needs a handle tho

[14:27] {dino} vsec was the -20 mover last week on contract loss

[14:28] {hawkfan4} news on it

[14:28] {dino} 389m contract 2 yr win

[14:29] {KSystems} LBTYA rest out +.25

[14:29] {hawkfan4} yep, have briefing on a diff computer right now, can't post

[14:29] {magoo} any read GS HAWK?

[14:29] {Threei}  some encouraging talk here:

[14:29] {Threei}  WHITE HOUSE PRESS SECRETARY GIBBS: Q4 GDP DATA TOMORROW COULD BE "STAGGERING"

[14:29] {Threei}  - note: Q4 advance GDP data due out at 8:30amET Friday (this is the first of three readings on Q4 GDP)

[14:30] {hawkfan4} gut is it recovers some, long over 84.30 should get it going

[14:30] {magoo} TY bud

[14:30] {dino} these politicians are idiots. like anybody expects good gdp #s

[14:30] {hawkfan4} np, i'm watching it

[14:30] {Threei}  GERN... on daily, 7.50 is important resistance to break

[14:34] {hawkfan4} HIG trying off .50

[14:37] {hawkfan4} nice VSEC dino, took 100 shrs 27.72, thx

[14:37] {dino} gj

[14:41] {KSystems} AFG out rest +.36

[14:43] {Threei}  laserdave, dcc

[14:49] {dino} ks in the zone today, gj

[14:50] {Threei}  yeah, KS and hawk are truly irritating today

[14:50] {larisa} lol

[14:50] {Threei}  :)

[14:50] {hawkfan4} hey! :)

[14:50] {dino} lol

[14:50] {hawkfan4} every dog has his day

[14:50] {KSystems} hey thank you

[14:51] {KSystems} was about time though

[14:51] {Threei}  and the only reason it bothers me is that it's usually my place, pleasure, right and privilege to irritate people

[14:51] {Threei}  I am good at it... and now I feel competition

[14:52] {KSystems} difference is, vad, YOU dont have to be profitable to be irritating

[14:52] {hawkfan4} lol

[14:52] {larisa} rofl!

[14:52] {Threei}  yeah, it comes to me naturally

[14:52] {Threei}  kind of built-in feature

[14:53] {larisa} sometimes you guys can be funny..

[14:53] {Threei}  funny - sometimes... iriitating - aleays. That's my credo

[14:55] {KSystems} s hl FLIR .13 stop .26

[14:56] {hawkfan4} PALM trying for the handle

[14:57] {Threei}  unless market ruins it... volume shaped up for the cup

[15:03] {Threei}  GERN

[15:03] {Threei}  how about that

[15:03] {magoo} u in PALMN?

[15:04] {KSystems} FLIR stopped -.13

[15:04] {Threei}  ashamed to say, yes

[15:04] {magoo} where?

[15:04] {Threei}  anyone took GERN on break?

[15:04] {Threei}  right here mags

[15:04] {Threei}  8.01

[15:04] {tomg} i did vad

[15:04] {Threei}  cool beans tom

[15:04] {tomg} still have 100

[15:05] {Threei}  if protected most of profit, I wouldn't care about 100

[15:05] {tomg} ok

[15:05] {Threei}  7.40 is clean support

[15:06] {Threei}  let it trade with stop under .40 for that last 100

[15:06] {tomg} ok, ty

[15:07] {Threei}  just don't chase it anyone

[15:07] {nemo} I miss anything the last 5 minutes...power out

[15:08] {Threei}  it's not on the stage of the move where chasing is allowed

[15:08] {nemo} what stock, Gern

[15:08] {nemo} Hey KS, you like "Gern"?

[15:08] {KSystems} sigh

[15:08] {Threei}  yes nemo

[15:09] {nemo} sorry k

[15:09] {KSystems} *G*

[15:09] {KSystems} i was wondering who'd be the first to ask

[15:11] {nemo} they'd have to have some background

[15:18] {hawkfan4} GS waking up a bit

[15:19] {magoo} u in?

[15:19] {Threei}  stage

[15:19] {Threei}  huh

[15:19] {magoo} [15:18] {hawkfan4} GS waking up a bit

[15:19] {hawkfan4} not yet, want decisive move over 84 area, keeps getting hammered down

[15:24] {nemo} Charlie Gasparino let go an "Fbomb" on CNBC?

[15:24] {dino} lol

[15:25] {nemo} tp://vodpod.com/watch/1321036-gasparinos-f-bomb-its-a-stupid-fucking-gasp-then-pause-its-a-stupid-debate-?pod=misstrade

[15:26] {dino} i guess cnbc will use that for the reason the markets dropped today

[15:26] {nemo} His last day on the job...at the end of the segment you hear, "Hello, YouTube."

[15:27] {nemo} financials dumping but palm holing...so far

[15:28] {Threei}  ag

[15:28] {Threei}  never mind

[15:29] {nemo} frustrating...huh Vad?

[15:29] {Threei}  ?

[15:29] {nemo} the day

[15:29] {Threei}  not really

[15:29] {nemo} o.k.

[15:29] {Threei}  just sitting out days when I am cold as cucumber

[15:30] {nemo} So...is palm on a cliff, or a springboard?

[15:30] {Threei}  trading for many years, you don't put much significance in any given day

[15:31] {Threei}  look at FAS

[15:32] {nemo} cliff

[15:33] {dino} s/p gap filled

[15:38] {nemo} love this on the market"

[15:38] {nemo} Were seeing a bit of indigestion, said Larry Dyer, a U.S. interest-rate strategist with HSBC Securities (USA) in New York, one of 17 primary dealers that are required to bid in Treasury auctions. Its a mini bear market, and were underwriting in it.

[15:39] {nemo} mini-bear market

[15:42] {hawkfan4} wow, hig dump

[15:43] {Threei}  NY INSURANCE REGULATOR DINALLO: PLANS TO VOTE AGAINST LIFE INSURANCE RELIEF AS MAY NEGATIVELY IMPACT POLICYHOLDERS

[15:43] {Threei}  {LNC HIG MET GNW}

[15:45] {larisa} who said yesterday  HIG goes to 21 nonstop ??? 

[15:45] {nemo} I dunno'?

[15:45] {larisa} the one with 3 eyes

[15:46] {nemo} geez larisa...talk about kickin' a guy when he's down!!!

[15:47] {nemo} I don't think an AK is the only thing untoward she has in her closet

[15:47] {larisa} he is not down :)

[15:47] {Threei}  [13:28] {Threei} frigin HIG will never stop

[15:47] {Threei}  [13:28] {Threei} ever

[15:47] {Threei}  [13:28] {Threei} it will just go to 19... 20...21...

[15:47] {larisa} see ? :)

[15:47] {Threei}  :)

[15:47] {larisa} I never trust men again, even vad

[15:48] {nemo} masochist/sadist

[15:48] {Threei}  right... my today's take is:

[15:48] {Threei}  HIG will never recover

[15:48] {Threei}  ever

[15:48] {Threei}  it will drop to 15...14...13...

[15:48] {larisa} ahha

[15:48] {nemo} Oh, well, if it weren't for women, we'd still be in the frickin' Garden of Eden!!!

[15:48] {larisa} not you nemo..

[15:49] {nemo} stuck my chin out again

[15:49] {dptl} gn all

[15:49] {Threei}  take care dp

[15:49] {nemo} me to bye!

[15:49] {dino} cya dp

[15:49] {larisa} bye :)

[15:49] {Threei}  wow GERN

[15:50] {Threei}  PALM absorbed an awful lot of selling here

[15:50] {nemo} yeah, in the market downswing

[15:51] {nemo} bye folks

[15:51] {elepet} decision time PALM...take $10 profit or hold?

[15:51] {larisa} lol

[15:51] {Threei}  take care nemo

[15:51] {Threei}  elepet... my suggestion:

[15:51] {KSystems} bye nemo

[15:52] {dino} looking as if the funds don't have the funds to mark up any more. the pattern is broken

[15:52] {Threei}  take position small enough not to hurt if something bad happens

[15:53] {Threei}  if it shows more strength tomorrow, you will have ample opportunity to add

[15:53] {dino} cya nemo

[15:53] {Threei}  FAS death was anything but painless

[15:54] {elepet} i have 1000 shares from 7.97.  tendancy is to hold.

[15:54] {Threei}  if it can gnaw through 8 before close, would be a nice encouragement

[15:55] {dino} well thats what you get w/cramer ranting all day yesterday to not fight the fed

[15:55] {Threei}  guy is amazing

[15:55] {Threei}  lookie lookie PALM

[15:56] {dino} i wish they would just say; "let the markets work it out, no more $"

[15:56] {Threei}  no chance

[15:56] {Threei}  they are determined to fix it

[15:57] {elepet} guess i'm holding.

[15:57] {KSystems} IYW out rest +.55

[15:57] {Threei}  wtg ks

[15:57] {KSystems} ty :)

[15:58] {dino} wtg ks good job

[15:58] {KSystems} lucky...

[15:58] {dino} lol

[15:59] {Threei}  hawk... see NURO?

[15:59] {dino} out cat -.09, out t +.10

[16:00] {hawkfan4} yes, bot a little .76 ;) couldn't stand it anymore

[16:00] {Threei}  lol

[16:00] {Threei}  ok gys, thank you all

[16:00] {Threei}  have a good evening, see you tomorrow

[16:00] {hawkfan4} nite all

[16:00] {larisa} good night

[16:01] {fernp} good nite all

[16:01] {patience} goodnight guys, another good day in gold  :)

Jan 28 2009

Somewhat tiresome day. One of those where you have the right read on the market yet hard time utilizing it. Only toward to end of the day things started working out and gave a few nice trades on HIG, FAS, RIMM, DRYS

Session Time: Wed Jan 28 00:00:00 2009

[07:29] {hawkfan4} 'ally

[07:31] {Threei}  "bad bank" inspired?

[07:31] {hawkfan4} that and i think europe and asia up nice

[07:32] {hawkfan4} haven't had enough coffee yet 

[07:32] {Threei}  that's wrong 'rally

[07:32] {Threei}  IMO

[07:32] {Threei}  will fizzle out

[07:32] {Threei}  but who cares... we will take it while it lasts

[07:33] {hawkfan4} think so too, fed day, who knows

[07:33] {Threei}  yeah, and mainly... I just don't think any rally led by financials is going to last

[07:34] {Threei}  recovery in real economy, reversal in job market etc is what needed,

[07:34] {Threei}  thus rally led by techs, yeah, yhat I believe

[07:35] {Threei}  and other stuff like that,

[07:35] {Threei}  stocks that forecast recovery in their respective sectors in real economy

[07:36] {hawkfan4} someday they'll show their hand, but i agree, the financials are a fade at some point

[07:38] {hawkfan4} need more coffee, back in a few

[07:52] {nemo} Gruess dich!

[07:56] {Threei}  nemo :)

[07:58] {nemo} Wie geht's heute (nachmittag?) Jung?

[07:59] {Threei}  umm... who are you talking to? :)

[08:00] {nemo} Oh yeah, it wasn't K that responded.  Morning vodka pick-me-ups might not be a good idea.

[08:00] {nemo} Vad :)

[08:01] {nemo} Oh, the Post Office tried to deliver the  BVO yesterday...to my next door neighbor....

[08:01] {Threei}  lol

[08:02] {Threei}  BAC is trying

[08:02] {hawkfan4} ugg, still looking at my order for BAC at 7.39 that i didn't send

[08:03] {Threei}  C is knocking against 4.30

[08:03] {nemo} Yeah, I heard financials took off last night on talks of the bank

[08:05] {KSystems} hi nemo ;)

[08:05] {Threei}  01/27/09 05:04pm

[08:05] {Threei}  (US) US bad bank plan may be announced next week - CNBC's Liesman

[08:05] {Threei}  - Also reports sources say a bank insurance plan similar to the arrangements given to BoA and Citi is in the works, though sources say it will not be "systematic."

[08:05] {Threei}  - Follow Up as of 11:54 PM EST: Reportedly, the FDIC's Chairman Bair wants to run the bad bank.

[08:05] {Threei}  - Reminder: Senator Dodd confirmed earlier that the Obama Administration is mulling a "bad bank" solution

[08:05] {nemo} K :) guten Nachmittag.

[08:07] {nemo} RIMM not doing too badly either

[08:10] {hawkfan4} morning nemo, all

[08:10] {hawkfan4} BAC .70 break Vad?

[08:11] {Threei}  well... as much as technicals can be trusted premarket

[08:11] {hawkfan4} :) true

[08:11] {Threei}  look at DRYS

[08:12] {Threei}  C chewed through .30... and stalled

[08:13] {Threei}  trying now

[08:14] {Threei}  BALTIC DRY BULK INDEX +1%

[08:15] {Threei}  FAS is up big

[08:16] {Threei}  one of the ways to play financial sector

[08:17] {nemo} Maybe can pay for the Bahamas toay :)

[08:17] {nemo} today

[08:17] {Threei}  FAS is FINANCIAL BULL 3X

[08:17] {hawkfan4} yep, FAZ 3X bear

[08:17] {nemo} Yeah, watch FAS regularly, and it's small cap brother TNA (gotta' love the call letters)

[08:17] {hawkfan4} TYH 3X tech bull

[08:18] {nemo} ERX, ERY energy

[08:18] {nemo} hawk-from Chicago?

[08:19] {hawkfan4} yessir

[08:19] {hawkfan4} where are you?

[08:19] {Threei}  WFC, mama mia

[08:19] {nemo} Hull, Esposito, Makita

[08:19] {nemo} Boston

[08:19] {hawkfan4} Orr

[08:19] {nemo} or was Hull Detroit? getting ol

[08:20] {hawkfan4} Borque

[08:20] {nemo} Yeah, I grew up watching Orr...absolute Magician

[08:20] {hawkfan4} Bobby Hull chicago

[08:20] {nemo} Bourque was such a stalwart class act.  When he won the cup with Colorado, he brought it to Boston to share with the fans.  He settled here

[08:21] {hawkfan4} yeah, i liked him

[08:21] {nemo} on a market note...so, does everything rocket out of the gate, or do we get the proverbial "pull back"?

[08:22] {Threei}  yes

[08:22] {nemo} helpful

[08:22] {nemo} definite maybe I see

[08:24] {Threei}  we are getting first pullback since 8 am in financials

[08:25] {Threei}  if we get so lucky to see C 10-15 cents lower, worth considering

[08:25] {Threei}  BAC, 20-25 cents

[08:28] {nemo} larisa :)

[08:28] {larisa} good morning :)

[08:28] {Threei}  larisa :)

[08:28] {larisa} nemo, vad :)

[08:29] {elepet} good morning all

[08:29] {Threei}  elepet :)

[08:30] {Threei}  not much of pullback so far

[08:31] {Threei}  maybe double top and finally some dip

[08:33] {Threei}  if C holds .45 and breaks .52, that would be little C&H

[08:33] {cujo} morning 

[08:34] {Threei}  cujo :)

[08:35] {cujo} started watching the swing trading video last night.  

[08:35] {cujo} picture of your trading room is funny. 

[08:35] {Threei}  why?

[08:35] {cujo} its the picture of you in what looks like an old submarine...

[08:36] {Threei}  hmm?

[08:36] {cujo} the fake picture in the beginning...

[08:36] {Threei}  I am lost

[08:36] {larisa} time to rewatch your own course :)

[08:36] {Threei}  there is no picture of me in swing trading video as far as I know

[08:37] {larisa} scalp course

[08:37] {cujo} sry.  In the beginning there is a fake photo.  You have a cut out of you on top of some old picture of what look slike a war room or something...  

[08:38] {Onix} Good morning all :)

[08:38] {cosmo} YHOO active at premkt high

[08:38] {Threei}  onix, cosmo :)

[08:38] {cosmo} 12.12

[08:38] {cosmo} 3i:)

[08:40] {Threei}  double top scenario so far

[08:41] {Threei}  cujo... why fake... that's my actual trading environment

[08:41] {cujo} really?  nice...

[08:43] {larisa} and i am Marilyn Monroe

[08:44] {Threei}  carefull... I am very gullible

[08:44] {nemo} doing well from the grave Larisa...

[08:44] {larisa} lol

[08:46] {hawkfan4} BAC getting there

[08:46] {Threei}  C too

[08:51] {nemo} How's ele's "pet" doing?

[08:51] {magoo} morning

[08:51] {Threei}  magoo :)

[08:51] {nemo} mag :)

[08:52] {dino} gm all, here come the 800 point markups (3 days to go)

[08:52] {Threei}  dino :)

[08:52] {Threei}  I see dino won mirc war... magoo is still in combat

[08:52] {nemo} dino :)

[08:52] {cujo} morning magoo, dino

[08:52] {dino} we'll see tomorrow

[08:52] {nemo} dog :)

[08:52] {magoo} sigh

[08:52] {dino} lol nemo

[08:53] {nemo} c'mon Mags, suck it up!

[08:53] {cujo} morning nemo

[08:53] {Threei}  this could be one of those openings when DRYS does its thing

[08:53] {magoo} u pushing your luck lil man {soup nazi to george}

[08:54] {nemo} don't pick on me because I'm short...

[08:54] {nemo} I have a complex

[08:55] {magoo} ahhh nemo..5'1 isnt short he he

[08:55] {nemo} yeah, but it was the perfect height when I hugged my six foot girlfriend

[08:55] {hawkfan4} lol

[08:55] {magoo} UHHHHHH

[08:56] {elepet} old pet gone(gern). not reliable. new pets  dsx and old faithful drys. holding from yesterday. both up  alot this morning.

[08:56] {dino} vprt?

[08:58] {dino} another 5" of snow and still falling. getting tiresome

[08:58] {magoo} where u live dino?

[08:59] {nemo} yeah' we're getting whacked by another bout of white global warming...errr...climate change

[09:01] {hawkfan4} same here dino, got 3 or 4, i'm ready for spring

[09:01] {nemo} we're supposed to get a foot, then rain on top

[09:02] {cujo} hate winter

[09:02] {cujo} sux

[09:02] {magoo} where u live hawk..nemo?

[09:02] {nemo} boston

[09:03] {magoo} ahhhh..been there

[09:03] {magoo} nice city

[09:03] {elepet} you can all come visit me in mexico after Feb 9. . lots of sunshine. 84 degrees. 

[09:04] {nemo} Yeah, it's pretty cool...but the older I get the farther away I want to be from the huddled masses.  I'll take the mountains during hunting season thank you

[09:04] {nemo} Guess I'd have to switch from Vodka to tequila...the worm...

[09:04] {hawkfan4} chicago mags

[09:04] {nemo} where are you Mags

[09:06] {magoo} nort east pennsy

[09:06] {nemo} Oh, jeez...you've got so many deer down there, they're pets!!

[09:06] {magoo} yup

[09:06] {magoo} bear too

[09:07] {magoo} largest black bear in entire country

[09:07] {nemo} how big is that?

[09:07] {magoo} 650 lbs

[09:07] {nemo} yep

[09:07] {nemo} big

[09:07] {cujo} that is a big bear

[09:07] {cosmo} do you get any Bigfoot?

[09:07] {nemo} they hate the cold

[09:08] {cosmo} oh?

[09:08] {nemo} now their cousins the Yeti, on the other hand...

[09:09] {Threei}  if DRYS opens around this level, one of two scenarios is likely:

[09:09] {Threei}  first (my preferrable) is, sharp drop, probably to 11.70- 11.80, then strong rebound

[09:10] {Threei}  second, more risky, break of 11.30 and big jjump

[09:10] {nemo} 11.30?

[09:10] {Threei}  12.30

[09:10] {nemo} ty

[09:12] {elepet} I'm betting on the latter.  hehehehe. that's why i'm still holding.

[09:13] {magoo} just keep in mind...sell this pop could be in the cards

[09:13] {magoo} not saying it is

[09:13] {magoo} but keep in mind

[09:14] {magoo} vad..u watching any of the banks?

[09:14] {Threei}  C, BAC

[09:15] {magoo} WFC C UBS JPM STT

[09:15] {Threei}  you may want to watch FAS also

[09:15] {Threei}  x3 financials

[09:16] {magoo} a long fund?

[09:16] {Threei}  yes

[09:16] {Threei}  FAZ is short one

[09:16] {magoo} faz a short fund correct?

[09:16] {magoo} as i typed

[09:16] {hawkfan4} FAZ is the short 3X financials

[09:16] {magoo} u read my moind

[09:16] {Threei}  scary

[09:17] {nemo} psychic cellmates

[09:17] {Threei}  I have to say for the record, I strongly disagree with most I see in there

[09:17] {nemo} hehehehe

[09:17] {nemo} is it that affinity for sheep vad?

[09:18] {dino} xlf 2x

[09:18] {Threei}  I'll leave it to mags to comment on that

[09:19] {nemo} uyg too Dino

[09:19] {dino} ty

[09:20] {nemo} It's almost like they're all milling around the starting line

[09:21] {dino} fed 2:15 today

[09:21] {Threei}  yeah

[09:21] {nemo} I think the only news that could come out of that is neutral or bad

[09:21] {dino} imo, just relax at open, lets see where it wants to go

[09:21] {Threei}  although I don't know what can come out of it that would be of any surprise

[09:21] {nemo} raising interest rates

[09:22] {dino} lol

[09:22] {Threei}  seems pretty much predetermined non-event

[09:22] {nemo} I agree...that's what scares me...that's what I logically think should happen

[09:22] {Threei}  as far as rates policy goes, we are bound to stall for a while

[09:23] {Threei}  no room to cut and no one is so crazy to start raising just yet

[09:24] {dptl} gm all

[09:24] {Threei}  dp :)

[09:24] {ese} morning

[09:24] {cujo} morning

[09:24] {fernp} hello everybody

[09:24] {Threei}  ese :)

[09:24] {Threei}  fern :)

[09:25] {Threei}  DRYS so far holds the level

[09:25] {Threei}  C and BAC pulled back a bit

[09:26] {Threei}  I'll repost on DRYS for late joiners

[09:27] {Threei}  08:13am Baltic Dry Bulk Index +1%, seventh consecutive increase

[09:28] {elepet} all components are way up today. 

[09:29] {Threei}  FAS is trying to consolidate under 11.20

[09:30] {Threei}  hopefully opening ranges will form over couple minutes, immediate breaks are tough to play

[09:30] {Threei}  DRY seems to go for the first scenario

[09:31] {Threei} Long Setup:  DRYS  .15 if holding above 12, half lot

[09:32] {Threei}  FAS jumped

[09:32] {KSystems} in DRYS

[09:32] {Threei}  big offers there KS... don't be first to buy

[09:35] {KSystems} and out

[09:36] {larisa} STT

[09:36] {Threei}  yup, switches to deeper drop and bounce scenario

[09:36] {Threei}  STT is pure crazy

[09:36] {ese} CENX dino...downgraded from strong buy o buy

[09:36] {nemo} perfect for Mags

[09:37] {Threei}  DRYS is ready

[09:37] {Threei}  .90 break

[09:37] {dino} sm eqix l .00

[09:37] {nemo} look at the orer at .90

[09:37] {nemo} order

[09:38] {Threei}  that's why its break is long trigger

[09:38] {nemo} missed it

[09:39] {Threei} Long Setup:  PLD  11.30 break

[09:39] {Threei}  stop under .20

[09:41] {nemo} what's stop on DRYS .80

[09:41] {Threei}  .75

[09:42] {Threei}  PLD no worky

[09:43] {nemo} lot ov overhead @12 on DRYS

[09:44] {nemo} no worky=invalidate?

[09:45] {hawkfan4} means stopped

[09:45] {Threei}  STT

[09:45] {Threei}  REPORTS EQUITY ASSETS UNDER ADMINISTRATION AT $138B

[09:46] {fernp} cover C +.15

[09:47] {dino} sounds like stt is putting itself up for sale

[09:49] {dino} out eqix .50, +.50

[09:49] {hawkfan4} nice

[09:49] {dino} apol not participating

[09:49] {nemo} Vad would there be  a lot of selling @ this level of DRYS because of the gap up overnight?

[09:50] {dino} ty hawk

[09:50] {Threei}  who cares about whys?

[09:51] {hawkfan4} FAS .25, stop 11

[09:51] {Threei}  C

[09:51] {Threei}  GOVT OF SINGAPORE DISCLOSES PASSIVE STAKE

[09:51] {nemo} probabilities

[09:52] {hawkfan4} stop to 11.10 on FAS

[09:52] {dino} are you sure its not pass the steak?

[09:52] {Threei}  GEORGE SOROS: BAD BANK MAY NOT BE THE BEST WAY TO DEAL WITH FINANCIAL CRISI

[09:52] {dino} talking his book

[09:52] {Threei}  I understand he has a better idea

[09:53] {dino} they need a "bad trades" bank too

[09:54] {cujo} ha ha ha.  error acct bank?

[09:54] {Threei}  market is shaky here

[09:54] {dino} watching t, vz, apol

[09:55] {dino} massive gap ndx from open

[09:55] {Threei}  would hate to see repetition of this yesterday's sharp up and down with no rhytm

[09:55] {fernp} DRYS is forming a DBI

[09:56] {Threei}  either that or double bottom

[09:56] {nemo} hope it's a salmon?

[09:56] {Threei}  nah

[09:56] {dino} gap fill and rock after fed mtg my bet

[09:56] {Threei}  DRYS is practically never a salmon

[09:57] {Threei}  who is uncomfirtable, just scratch it

[09:57] {Threei}  it's around breakeven

[09:57] {nemo} trade the plan

[10:01] {Threei}  FAS looks better and better for you hawk

[10:01] {Threei}  hope I don't jinx it

[10:01] {magoo} RIMM vad..reading it?

[10:02] {hawkfan4} agree, stop under .20 now

[10:02] {Threei}  looks like .90 break on RIMM mags

[10:02] {KSystems} should drys stop be trailed?

[10:02] {Threei}  if holding .70 and if market helps

[10:03] {Threei}  .80 held a few times KS

[10:03] {Threei}  so, it's reasonable

[10:05] {Threei}  lost support

[10:06] {KSystems} stopped

[10:06] {fernp} stopped

[10:06] {dino} t sm l .00

[10:06] {Onix} stppped

[10:06] {nemo} stopped

[10:07] {dino} apol filling gap

[10:09] {Threei}  HIG woke up

[10:09] {Threei}  long time no see

[10:10] {ese} L DISH .80 3/4

[10:10] {Threei}  remember my yesterday's "odd call" on NURO?

[10:11] {hawkfan4} yep, strange stock

[10:13] {Threei}  HIG, sharp pullback into .50 will be interesting for bounce

[10:17] {Threei}  partialing any on FAS yet hawk?

[10:17] {Threei}  or you are in till insane numbers?

[10:18] {Threei}  NURO... sheesh

[10:18] {hawkfan4} gonna dump 1/2 if i see .45 bid

[10:20] {hawkfan4} now .55

[10:20] {hawkfan4} out 1/2 + .30

[10:20] {ese} OUT DISH .04 +.24

[10:20] {Threei}  wtg

[10:21] {ese} tks

[10:22] {hawkfan4} dumped the rest .55

[10:23] {Threei}  .35 - .40 is probably re-entry

[10:26] {nemo} drys back on?

[10:27] {Threei}  on pullback, maybe\

[10:27] {Threei}  breakouts don't work so far

[10:27] {magoo} agree vad

[10:28] {nemo} alot want out at 12

[10:28] {dino}  algt waking up

[10:28] {dino} hod trig imo

[10:29] {hawkfan4} watching BAC .60 break

[10:30] {Threei}  *DOE CRUDE: +6.2M V +2.7ME

[10:30] {Threei}  GASOLINE: -121K V +1.5ME;

[10:34] {Threei}  anyone took FAS on pullback into .40?

[10:35] {cujo} caught that one hawk.  Thanks. 

[10:35] {hawkfan4} got back in .63, nice cujo

[10:36] {cujo} yeah in .62 out here 1:1

[10:36] {cujo} drys making moves

[10:39] {dino} ughhhhh es, we screwed up apol

[10:40] {dino} was waiting 77.22

[10:40] {Threei}  PRESIDENT OBAMA: CONFIDENT IN CHANCES FOR APPROVAL OF ECONOMIC STIMULUS PACKAGE

[10:40] {Threei}  - A congressional Vote is scheduled for today

[10:42] {Threei}  HIG's pullbacks are not as deep as we would want

[10:42] {Threei}  closer to 17 I'd feel safer

[10:43] {Threei}  but if market stages another break, probably won't happen

[10:45] {cujo} l GS .11

[10:46] {dino} obama meets w/ceo's "hey guys, what will you give me if i get you tax $"

[10:48] {Threei} Long Setup:  CHK  .47 if holding above .35

[10:49] {magoo} in

[10:49] {KSystems} in

[10:50] {fernp} in

[10:51] {cujo} in

[10:51] {cujo} target Vad?

[10:51] {dino} out algt .68, +.18, markets pull back

[10:52] {Threei}  as always

[10:52] {Threei}  half out around 1:1

[10:52] {cujo} thanks

[10:52] {Threei}  .50 break should give a spike

[10:53] {dino} wmt, mcd negative

[10:53] {Threei}  HIG better pullback

[10:55] {magoo} as with anything mkt related

[10:55] {magoo} the bathroom indicator has switched today

[10:55] {magoo} if go in restrm..mkt goes up

[10:56] {magoo} so play accordingly

[10:56] {Threei}  just let us know

[10:56] {magoo} yup

[10:57] {Threei}  missed HIG by 1 cent

[10:57] {Threei}  anyone caught it?

[10:58] {cujo} nope

[10:58] {hawkfan4} nope

[10:58] {magoo} nope

[11:00] {KSystems} nope

[11:03] {ese} have enjoyed watching this move by DISH.....classic cup and handle...consolidating...should take off from here

[11:03] {dino} lol

[11:03] {Threei}  market looks ready for a break

[11:03] {ese} bstop 1/2 at .30

[11:04] {ese} should help dish

[11:04] {Threei}  which probably in terms of last day or two trading means we will drop500 points in the next 2 minutes

06[11:04] * KSystems slaps CHK around a bit with a large chart of uptrending NQ

[11:05] {dino} laughing at your "have enjoyed" comment es

[11:05] {Threei}  it pretty much behaves KS

[11:05] {Threei}  just needs market break

[11:05] {Threei}  didn't pull back anywhere as deep as market did

[11:06] {KSystems} i didnt kick it...was just a slap between friends

[11:06] {Threei}  hmmm

[11:06] {Threei}  you mean you don't kick your friends?

[11:06] {ese} make that bstop .29

[11:06] {KSystems} no Vad, I'm a nice guy

[11:06] {cujo} only when they are "down"

06[11:06] * KSystems crosses his fingers

[11:06] {Threei}  my idea of friendship must be different...

[11:07] {dino} throw some salt over your shoulder

[11:07] {magoo} [11:06] {cujo} only when they are "down"

[11:07] {magoo} would have expected that out of nemo lol

[11:08] {cujo} he he he

[11:08] {nemo} I'm so short I'm hitting them in the kneecaps anyway

[11:08] {Threei}  series of promises that actually speak of true friendship

[11:08] {nemo} where'd you get that?

[11:08] {Threei}  1. When you are sad -- I will help you get drunk and plot revenge against

[11:08] {Threei}  The sorry bastard who made you sad.

[11:08] {ese} long .29 dish

[11:09] {Threei}  4. When you are scared -- I will rag on you about it every chance I get.

[11:09] {Threei}  5. When you are worried -- I will tell you horrible stories about how much

[11:09] {Threei}  Worse it could be until you quit whining.

[11:09] {Threei}  6. When you are confused -- I will use little words.

[11:09] {Threei}  7. When you are sick -- Stay the hell away from me until you are well

[11:09] {Threei}  Again. I don't want whatever you have.

[11:09] {Threei}  8. When you fall -- I will point and laugh at your clumsy ass.

[11:09] {Threei}  9. This is my oath.... I pledge it to the end. 'Why?' you may ask;

[11:09] {Threei}  'because you are my friend'.

[11:09] {Threei}  now, guess who sent that to me

[11:10] {nemo} Vad lies

[11:10] {KSystems} now it may be time for some kicking CHK

[11:10] {Threei}  I don't like this CHK hesitance

[11:10] {dino} the rich guy from africa that wants to use your checking acct

[11:11] {Threei}  let's trail stop to under .40

[11:11] {KSystems} out

[11:11] {cujo} out

[11:11] {Threei}  it should have been at .60 by now if it wanted to go

[11:11] {magoo} i thought it was his wedding vows lol

[11:11] {cujo} ha ha ha

[11:12] {Threei}  my wedding vow was,

[11:12] {Threei}  I don't promise you'll be happy with me... but I do promise you won't be bored

[11:12] {magoo} my was..."i swear i used a condom..but hey...here we are at the altar"

[11:12] {fernp} stopped

[11:12] {nemo} His wife:What's ours is mine, what's yours is mine, and what's mine is mine Vad:  What's ours is yours, what's mine is yours and what's yours is yours

[11:13] {dino} ahh the 3 rings of marriage, the engagement ring, the wedding ring, and the suffering

[11:13] {nemo} which leads to hallway sex

[11:13] {hawkfan4} lol dino

[11:13] {Threei}  FDIC SPOKESPERSON DECLINES COMMENT ON POTENTIAL FOR VARIOUS 'BAD BANK' MANAGEMENT BY GOVT AGENCIES

[11:13] {dino} :)

[11:13] {nemo} FAS on steroids today

[11:14] {magoo} [11:13] {nemo} which leads to hallway sex

[11:14] {magoo} standing on a chair nemo?

[11:16] {nemo} mags' I sent you a personal message

[11:16] {magoo} in dcc?

[11:16] {magoo} ROFLOL

[11:18] {dino}  mcd sm l .50

[11:19] {dino} opps .49

[11:19] {dino} thx chuck

[11:20] {magoo} out GS .75

[11:20] {magoo} TY cujo

[11:20] {cujo} nice

[11:20] {dino} gj

[11:20] {cujo} you got in? 

[11:21] {magoo} yeah..u brought too my attention

[11:21] {cujo} cool.

[11:21] {Threei}  IRANIAN PRES AIDE: NO PLANS TO HALT NUCLEAR WORK IN LIGHT OF US CALLS FOR HALT WITH REGARDS TO UN RESOLUTIONS

[11:22] {Threei}  UPDATE: GM CANCELS CONTRACTS TO BUILD NEW ENGINE PLANT IN FLINT, MI; DOES NOT MEAN THE END OF THE VOLT HYBRID VEHICLE - FOX BUSINESS NEWS

[11:22] {Threei}  HIG

[11:22] {Threei}  trying hard at .50

[11:23] {nemo} HIG's president leaves for Obama's staff

[11:23] {dino} iranian pres., "if obama gives us a few hundred million, we will stop nuclear work for.....hmmmmmm... let's say 6 months

[11:23] {Threei}  that;'s why stock so happy?

[11:24] {nemo} I have know eye deer

[11:24] {magoo} GM to start building nuclear weapons grade for IRAN.."CEO...what the hell..auto indudstry blows"

[11:24] {nemo} mags dcc

[11:24] {magoo} OY

[11:25] {dino} out t .40, +.40

[11:25] {dino} lol magoo

[11:25] {dino} more $$$$ in it

[11:25] {Threei}  if market breaks again, HIG becomes a .50 break play

[11:27] {Threei}  FAS non-stop

[11:27] {magoo} how about pullbk vad?

[11:27] {magoo} hig

[11:28] {Threei}  sure it that's what happens

[11:31] {Threei}  prez on TV

[11:31] {magoo} vad..u ditch CHK?

[11:32] {Threei}  yes

[11:32] {magoo} DAMMIT

[11:32] {Threei}  ?

[11:33] {magoo} just funnin

[11:34] {dino} deck

[11:34] {Threei}  HIG pulled back about 20 cents

[11:35] {Threei}  GM

[11:35] {Threei}  CONFIRMS WILL CLOSE JOBS BANK ON MONDAY

[11:37] {ese} just finished looking at a whack of daily charts.....a ton of double and triple bottoms been put in....

[11:37] {nemo} C&H on DRYS?

[11:38] {Threei}  don't know on DRYS

[11:38] {nemo} probably a bit ragged

[11:42] {Threei}  that was one spectacular bounce HIG

[11:42] {elepet} is anyone still in drys?

[11:42] {hawkfan4} geesh, was trying to get an order ready on HIG and it was gone

[11:42] {magoo} not i

[11:43] {cujo} yeah lot of names just bounced. 

[11:43] {Threei}  hawk, what are you, typing in datek order form?? :)

[11:43] {hawkfan4} lol, no, i fax it to my broker ;})

[11:44] {nemo} what? no carrier pigeon?

[11:44] {hawkfan4} i've upgraded

[11:44] {dino} lol

[11:44] {nemo} carrier hawk?

[11:44] {hawkfan4} exactly

[11:45] {ese} It's traditional for the Canadian finance minister to buy new shoes before a new budget is released.......rumor has it that our guy bought some CROC's.........

[11:45] {nemo} as in Taurine Excrement

[11:46] {cujo} mmmmmm...  taurine......

[11:46] {ese} maybe nemo......ya just never know up here

[11:48] {nemo} we can be more sure down here....definitely!

[11:54] {dptl} we have airline etf now..faa

[11:56] {magoo} DRYS is different today vad imo.........its gonna surprise to upside just to p*ss magoo off

[11:56] {dino} deck a bit crazy

[11:57] {dino} taunting me, like a siren sog to short it

[11:57] {dino} song

[12:01] {Threei}  HIG broke

[12:03] {Threei}  watching for pullback

[12:03] {Threei}  you are thinking .20 reak on DRYS still mags?

[12:03] {elepet} magoo..are youa DRYS fan?

[12:04] {i2romantis} CHK?

[12:04] {Threei}  not sure about it i2r

[12:05] {magoo} more like antiDRYS here

[12:05] {elepet} sae same

[12:05] {dino} sm l wmt .74

[12:05] {nemo} so....wetships?

[12:05] {elepet} I can't seem to sell it. in from 11.82 yesterday.

[12:06] {nemo} emotionally attached again elepet?

[12:06] {elepet} yup.

[12:06] {Threei}  it's just a symbol

[12:06] {Threei}  4 letters

[12:06] {Threei}  what to be attached to

[12:07] {nemo} must have been somethin' in his childhood

[12:07] {cujo} going to run some errands.  See you all in a few. 

[12:07] {Threei}  in all fairness, it does form the setup... .10 - .20

[12:08] {magoo} agrre vad..but really do hate it

[12:08] {Threei}  AAPL strength

[12:09] {Threei}  HIG is ready for sharp dive

[12:09] {nemo} getting right shoulder on FAS?

[12:11] {Threei}  looked like dive under .50, HIG... held above

[12:13] {i2romantis} out CHK +.15

[12:14] {dino} gj

[12:15] {i2romantis} learning to be emotionally detached from price going up after i sell :)

[12:16] {magoo} out .71 CHK

[12:16] {magoo} TY vad

[12:16] {Threei}  HIG... .75 break if breaks are back

[12:16] {Threei}  can't tell whether they are...

[12:16] {Threei}  .50 one worked

[12:17] {Threei}  so did CHK

[12:18] {dino} i2r, exactly, a scalp is a scalp

[12:18] {i2romantis} yep

[12:23] {i2romantis} funny, if i followed the strategy for raising stops (which I did in my mind once i sold), i'd be selling it at .83, another +.2 with no risk, so that's another learning, not trying to jump ship when already in profit zone

[12:24] {i2romantis} but a great thing about scalping is that another trade is pretty much around the corner :)

[12:25] {Threei}  partialling out is the answer for this kind of situations, i2r

[12:25] {dino} i2, good job

[12:25] {dino} always a hundred trades out there.

[12:25] {dino} thats why i trail tight w/stops, expecially when in the $

[12:26] {i2romantis} ok

[12:26] {dino} thin atm machine

[12:26] {dino} think

[12:26] {Threei}  HIG revisited .50 once again

[12:27] {Threei}  DRYS broke, and makes new highs slowly

[12:27] {magoo} must confess took .24 DRYS

[12:28] {elepet} passed .30. now what?

[12:28] {magoo} prob disappoint

[12:28] {magoo} time for RIMM to catch up

[12:29] {magoo} ketchup??

[12:29] {Threei}  it's already above 1;1

[12:30] {Threei}  anyone took HIG this time?

[12:31] {hawkfan4} not me, just watching for now

[12:37] {Threei}  all I see is microscalps

[12:37] {Threei}  7 cents here, 12 cents there

[12:38] {Threei}  market is consolidating for another leg up, and most likely that's what is going to happen

[12:38] {nemo} are you talking today Vad?

[12:38] {Threei}  yeah

[12:39] {nemo} ty

[12:42] {dino} leg up? pretty much stuuck in tight range

[12:43] {dino} time will tell

[12:43] {larisa}  I will pretend i am dino and say we finish DJI +45 today again :)  dino, pretend you are you, what you say ? :)

[12:44] {dino} +300

[12:44] {larisa} wow

[12:44] {dino}  end of day fri 8900

[12:44] {Threei}  I am with dino

[12:44] {dino} next week -6%

[12:44] {dino} that's the pattern

[12:45] {dino} they hasve to paint the tape so mutual fund statements don't look so bad. $ needs to stay in. fed says (win-wink) we are not paying attention to that right now

[12:56] {nemo} HIG hiccupping

[12:56] {Threei}  HIG became a regular bouncer off each selloff

[12:57] {Threei}  RIMM... if market helps, 58 break for a scalp

[12:57] {larisa} 56?

[12:57] {Threei}  56

[12:58] {magoo} in 58

[12:59] {Threei}  overp[aid a bit I'd say

[13:00] {nemo} nice dump fas

[13:01] {Threei}  HIG almost ready

[13:02] {Threei}  got .26

[13:02] {Threei}  .19 stop

[13:03] {Threei}  half out .35

[13:06] {Threei}  stop to .23

[13:06] {nemo} Mags?  Gotta' go to the bathroom yet?

[13:07] {larisa} lol, what a spike :)

[13:07] {magoo} ok talkin from my keybd in restrm

[13:07] {larisa} stay there magoo :)

[13:07] {Threei}  lol

[13:07] {Threei}  out in full .49

[13:07] {hawkfan4} out HIG +.14, thx vad

[13:08] {jmb} thanks vad

[13:08] {i2romantis} very nice 3i

[13:08] {Threei}  here is that next leg

[13:09] {magoo} out here .57 TY

[13:10] {Threei}  nice

[13:10] {Threei}  more patience than I have

[13:11] {dptl} grabbed .23 on stt bounce

[13:11] {Threei}  wtg

[13:12] {Threei}  I just couldn't bring myself to call it

[13:12] {cujo} miss anything?

[13:12] {dptl} ty

[13:13] {Threei}  just one HIG scalp cujo

[13:13] {Threei}  not much

[13:13] {cujo} thanks

[13:13] {hawkfan4} but it was for 4 dollars

[13:13] {nemo} DON"T TELL HIM THAT

[13:13] {Threei}  for very patient, 4.03

[13:13] {nemo} You guys are mean

[13:13] {hawkfan4} :)

[13:13] {Threei}  and proud of it

[13:13] {dino}  mcd stop to .85

[13:14] {hawkfan4} trying AKS .26

[13:15] {dino} ti .89

[13:17] {Threei}  stop under .20 hawk?

[13:17] {hawkfan4} yep

[13:17] {dino} stopped mcd .89, +.40

[13:18] {Threei}  lol HIG

[13:18] {Threei}  overstretches bands in both directions

[13:19] {nemo} dripping volume on last rise

[13:19] {nemo} dropping

[13:19] {gen} hi everybody :)

[13:19] {Threei}  I like dripping

[13:19] {Threei}  hey gen

[13:20] {cujo} DRYS 12.25?

[13:20] {gen} Vad :)

[13:20] {Threei}  not at the top of such spike

[13:20] {Threei}  let it pull back

[13:20] {Threei}  hig

[13:21] {Threei}  pullback time

[13:21] {Threei}  feels like less deep this time, and then .75 break

[13:24] {hawkfan4} 1/2 out .90 from .75

[13:24] {magoo} read AAPL vad?

[13:24] {Threei}  A

[13:24] {Threei}  A

[13:24] {Threei}  then P

[13:24] {Threei}  then L

[13:25] {Threei}  I can't get any kind of read into such spike mags...

[13:25] {Threei}  no way to tell where it reverses

[13:25] {Threei}  either pullback or consolidation

[13:26] {Threei}  btw hawk... last 1000 shares at .27 on AKS that lifted the offer, remember?

[13:26] {hawkfan4} :) thanks

[13:26] {Threei}  you are welcome

[13:26] {dino} brb

[13:27] {hawkfan4} took a double.  also NUE from 44.26

[13:27] {Threei}  well... who didn't believe me that market was getting ready for the next lift-off, raise your hands

[13:27] {nemo} I'll keep my fins down, thankyou

[13:27] {Threei}  AKS over 1:1

[13:28] {Threei}  frigin HIG will never stop

[13:28] {Threei}  ever

[13:28] {Threei}  it will just go to 19... 20...21...

[13:28] {Threei}  +170 DJI

[13:28] {Threei}  larisa, you start believeing in +300?

[13:29] {larisa} +45

[13:29] {Threei}  aren't you a stubborn one

[13:29] {Threei}  I am out AKS hawk, thanks

[13:30] {Threei}  idiotic day for me... getting right read and having hardest time utilizing it

[13:30] {hawkfan4} nice, my pleasure

[13:30] {nemo} I guess you gotta' keep Mags in the bathroom (or closet)

06[13:31] * Threei prepares the trout for magoo who prepares to say "that's because you are an idiot"

[13:31] {nemo} not nice mags

[13:31] {Threei}  well nemo... last thing we want to see is nice magoo

[13:31] {cujo} l slw .45

[13:31] {Threei}  that wouyld ruin my world

[13:33] {hawkfan4} sold 1/2 aks +.16, out rest HIG +.28

06[13:33] * Threei slaps hawkfan4 around a bit with a large roll of cash

[13:33] {hawkfan4} officially a really nice day

[13:33] {Threei}  sorry hawk... I just had to slap someone

[13:34] {Threei}  and magoo is not giving me an excuse

[13:34] {hawkfan4} np, anytime

[13:34] {Threei}  hmmm... as if I really need one...

06[13:34] * Threei slaps magoo around a bit with a large absence of excuse to slap him

[13:34] {magoo} out RIMM .34

[13:34] {magoo} TY 

[13:35] {Threei}  here is my excuse!

06[13:35] * Threei slaps magoo around a bit with a large roll of cash

[13:36] {dino} i should shovel more often, moves markets up

[13:36] {magoo} hang onnnnnnnnn....i gotta pee .......mkts gonna go BALLISTIC

[13:37] {hawkfan4} LOL

[13:37] {nemo} that you have to go to the bathroom is sufficient

[13:38] {Threei}  I am overwhelemed by the details we get to learn here

[13:38] {i2romantis} lol

[13:38] {nemo} I suppose it could get worse

[13:38] {i2romantis} Dino, you can come shovel some more over here

[13:39] {Threei}  yes nemo but that doesn't matter much - aftre certain level you just go numb

[13:39] {Threei}  kind of that question, you know... C and F are the same at -40,

[13:39] {nemo} that's the challenge to go where you break the numbness

[13:39] {Threei}  how to calculate below that?

[13:39] {Threei}  answer is, who cares? It's too fikin cold to do any math

[13:39] {nemo} I was talking sensibilities not temperature

[13:40] {Threei}  no one appreciates the fine metaphore these days... sigh...

[13:40] {nemo} Yeah, I wouldn't be able to take my fingers out of my mittens so I could count

[13:40] {Threei}  right, and counting with limbs you can't go beyond 4

[13:40] {Threei}  which impedes math abilities

[13:41] {nemo} Here's one for you.  Hey Mags, helmet or anteater?

[13:41] {dino} no thx i2r

[13:42] {Threei}  just as we started picking up worthy plays, Fed time approaches

[13:42] {Threei}  oh i2r, you are in Quebec, right?

[13:42] {Threei}  TV said it's brutal today

[13:45] {Threei}  gen dcc pls

[13:45] {Threei}  PREVIEW: FOMC RATE DECISION DUE OUT AT AROUND 2:15PMET

[13:45] {Threei}  **consensus expectation is for the rate to remain at 0.25%.

[13:45] {Threei}  **Expectations on today's FOMC statement vary widely, from no change to speculation the Fed could make specific announcements about new actions ranging from buying Treasury securities to adopting explicit inflation targeting. Given the substantial rate cut and additions to the December statement, however, the FOMC may hold off on any major changes in its statement today as it continues to discuss and review alternative actions and awaits the follow through and impacts of the government's TARP and stimulus packages.

[13:47] {cosmo} .50% cut?

[13:47] {magoo} restroom WORX

[13:47] {Threei}  into negative territory?

[13:48] {cosmo} yes....negative

[13:49] {cosmo} its a theory only

[13:49] {i2romantis} yes, in qc

[13:50] {i2romantis} freezing here, as usual

[13:50] {hawkfan4} out rest AKS .37

[13:53] {Threei}  +7 here, sun, warmth...

[13:54] {Threei}  market is p;ulling back befoe announcement

[13:55] {Threei}  if HIG's history today is any indicator, should drop to .70 or so before trying bounce

[13:59] {Threei}  US TREASURY'S GEITHER: NEED TO PRESERVE PRIVATE BANKING, NEW RESCUE PLAN TO COME 'RELATIVELY SOON'; TARP CONTRACTS TO BE VIEWABLE ONLINE

[13:59] {Threei}  - speaking at a TARP oversight meeting

[14:04] {dino} rebel yell

[14:05] {Threei}  ECB'S ORPHANIDES: DANGEROUS FOR CENTRAL BANKS TO 'SAVE' THEIR AMMUNITION, LOW RATE 'AVERSION' MAY AFFECT ACTIONS, MUST PAY ATTENTION TO QUANTITY OF MONEY

[14:05] {Threei}  - Notes that it is a false belief that low rates are ineffective.

[14:05] {Threei}  - stresses these comments are his own opinion and not those of the ECB

[14:05] {Threei}  why is he speaking on behalf of ECB then?

[14:06] {Threei}  it should read: private citizen Orphanides says...

[14:11] {Threei}  Court: cheerleader can't sue a teammate who didn't catch her

[14:12] {Threei}  between that and inability to sue Madoff for lost faith in humanity, there goes my dream to make millions in court

[14:14] {Threei}  FOMC time

[14:15] {Threei}  FOMC HOLD RATE AT 0.25%;

[14:15] {Threei}  {SPY SHY TLT EUR/USD USD/JPY G

[14:15] {magoo} unchanged

[14:16] {Threei}  here comes HIG

[14:16] {Threei}  prepare half lot

[14:16] {Threei}  PREPARED TO BUY LONGER TERM TREASURIES IF COULD IMPROVE CREDIT MARKET CONDITIONS, RATE MAY BE AT EXCEPTIONALLY LOW FOR PERIOD OF TIME

[14:16] {Threei}  - Reiterates inflation could persit below desirable rates

[14:16] {Threei}  - Vote was 8-1 (Lacker Dissented, preferring to purchase US treasuries)

[14:17] {Threei}  - May see gradual recovery in the economy later in 2009, some conditions in financial markets have improved

[14:17] {Threei}  - Discount rate remains unchanged at 0.50%

[14:18] {i2romantis} +.12 in 30 seconds, what a great catch on EGLE, would be nice to have these kinds more often

[14:19] {Threei}  .76 was it on DRYS...

[14:19] {Threei}  too fast to catch

[14:19] {cujo} anyone get in? 

[14:19] {fernp} too fast

[14:19] {larisa} HIG you mean

[14:19] {Threei}  grr

[14:19] {Threei}  HIG

[14:20] {i2romantis} yeah, such a nice sell off at times, if you are quick

[14:20] {i2romantis} I missed second run on EGLE

[14:21] {dino} 80 to go

[14:23] {i2romantis} #3 for EGLE

[14:24] {cujo} rimm

[14:25] {hawkfan4} HIG .82 1/2 lot

[14:27] {hawkfan4} stop .69

[14:28] {dino} gg sm l .10

[14:29] {hawkfan4} stopped -.13

[14:32] {Threei}  FAS fast selling

[14:34] {cujo} thanks Vad

[14:34] {Threei}  caufght it?

[14:34] {cujo} +.06

[14:34] {cujo} nothing amazing but still worth it 

[14:34] {cujo} not bad for 10 sec worth of work

[14:37] {dptl} leaving early....have a good night all

[14:37] {Threei}  take care dp

[14:37] {cujo} see ya dp

[14:39] {dino} cya dp

[14:39] {Threei}  ok market... bounce time

[14:41] {magoo} candidates?

[14:41] {Threei}  FAS, HIG

[14:41] {Threei}  RIMM

[14:42] {Threei}  all jump too ffast for precise call

[14:42] {Threei}  FAS worked twice off 12

[14:45] {Threei}  MS

[14:45] {Threei}  TICKING HIGHER AFTER JIM CRAMER MAKES POSITIVE COMMENTS

[14:48] {dino} kiss of death for it

[14:49] {cujo} short 1 MS .29

[14:50] {Threei}  1?

[14:50] {cujo} 1 lot

[14:50] {Threei}  okay :)

[14:50] {cujo} ;)

[14:50] {cujo} out +13

[14:50] {cujo} .13

[14:50] {hawkfan4} nice

[14:50] {Threei}  you are not fooling around are you

[14:51] {cujo} you mean kidding?

[14:51] {Threei}  nice drop

[14:51] {cujo} yeah, should have held :(

[14:51] {cujo} oh well

[14:52] {Threei}  not necessary held, stock is fast and furious... but partial was probably worthn try

[14:54] {Threei}  FAS back into support and lower BB

[14:54] {cujo} Dino's "{dino} kiss of death for it" inspired me...

[14:54] {Threei}  yes

[14:54] {Threei}  Jom's picks do that regularly

[14:54] {Threei}  Jim's

[14:54] {cujo} think FAS long at 12.00?

[14:55] {Threei}  I doubt it will get that far on this leg

[14:55] {dino} lol

[14:56] {Threei}  it's pattern after announcement was, drop into lower BB, stretch itit a little, then bounce for a scalp

[14:57] {cujo} got ya

[14:58] {magoo} dino turn to bring in egg mcmuffins tomorrow   yummy

[15:00] {dino} rock n roll

[15:00] {cujo} you all trade together?

[15:01] {dino} same floor in building, one door down

[15:01] {dino} kindda sucks for me

[15:01] {cujo} nice to have company. ha ha ha

[15:01] {magoo} HEYYYYYYYY

[15:02] {dino} well, he does have a habit of drinking the beer w/o replacing it

[15:02] {magoo} this is tru

[15:02] {nemo} dino...beer is the same color as...

[15:02] {dino} uh oh

[15:07] {cujo} fast sellling MCD

06[15:07] * magoo slaps &Threei around a bit with a large sugggestions to make a real pick..engage maverick.ENGAGEEEEEEEEEEEE

[15:07] {dino} cut gg .95, -.15

[15:08] {nemo} doin a flyby mags?

[15:08] {Threei}  gotta let this play out mags

[15:08] {magoo} watched top gun last nite with son

[15:08] {Threei}  I don;t like this chaos

[15:08] {nemo} ahhhhh the zen master

[15:08] {Threei}  US HOUSE REP MINORITY LEADER BOEHNER (R): DISAPPOINTED WITH STATE OF STIMULUS PACKAGE

[15:08] {Threei}  see?

[15:08] {magoo} doesnt have to be a long vad

[15:09] {Threei}  this idiotic up ad down on each comment again

[15:09] {Threei}  doesn't matter long or short... just can't read this other than for little scalps

[15:09] {cujo} +.05 mcd

[15:10] {Threei}  see FAS touching under 12, bouncing for quick 10 cents

[15:10] {Threei}  this kind I mean

[15:10] {Threei}  but they are impossible to call

06[15:10] * magoo slaps &Threei around a bit with a large copy of magoos never touched techniques of tape reading to help vad

[15:10] {Threei}  never touched eh

[15:10] {Threei}  that explains it {GGG}

[15:10] {dino} i think that guy was on "growing pains" sitcome

[15:13] {larisa} -100

[15:13] {Threei}  sigh

[15:13] {magoo} i only need 5 winning trades into bell

[15:13] {Threei}  mags, watch FAS

[15:13] {Threei}  you'll get its rhythm

[15:13] {Threei}  rhytm

[15:13] {Threei}  rythm

[15:14] {Threei}  whatever

[15:18] {magoo} from rocky "u cant train me like colored trader{fighter} lol 

[15:18] {magoo} i have no rythm

[15:19] {Threei}  burt you can spell it

[15:19] {magoo} ROFLOL..actually looked and copired yours

[15:19] {larisa} lol

[15:19] {Threei}  hmmm... how did you pick one of three then?

[15:21] {magoo} any read HIG?

[15:21] {Threei}  breakdown

[15:21] {Threei}  drop into .30 roughly after losing .50

[15:21] {Threei}  bounce from just under it most likely for small scalp

[15:21] {Threei}  then have to reevaluate

[15:22] {nemo} taking FAS w/it

[15:22] {dino} cat going for gap fill

[15:22] {Threei}  FAS closer to .80

[15:22] {dino} meow

[15:23] {Threei}  here comes the bride

[15:23] {Threei}  err HIG

[15:24] {Threei}  first strength from here

[15:24] {Threei}  in

[15:24] {magoo} .17

[15:24] {Threei}  stop under .10

[15:25] {Threei}  takes too long...

[15:25] {Threei}  this kind of selloff should bounce faster

[15:25] {cujo} stopped

[15:26] {hawkfan4} BAC short under .20?

[15:27] {Threei}  hard to tell

[15:27] {KSystems} fas

[15:27] {Threei}  we are getting a bit overstretched

[15:27] {dino} 3:40

[15:27] {magoo} out

[15:27] {nemo} well, there was the gap up overnight...plenty of room for profit taking

[15:28] {Threei}  back in HIG .92

[15:29] {Threei}  half out

[15:29] {Threei}  .10

[15:30] {cujo} out HIG +.12

[15:30] {cujo} Thanks

[15:30] {Threei}  out in full

[15:31] {Threei}  too soon

[15:32] {nemo} good profit in a fast market though...as you said...every little comment

[15:34] {magoo} .92 was a sweet entry

[15:34] {Threei}  and it surprizingly sat there for quite a fedw seconds

[15:34] {magoo} lonf Q here

[15:35] {magoo} .12

[15:35] {magoo} small

[15:35] {magoo} lookin for 3:40 bounce

[15:35] {magoo} ala ding dong

[15:36] {cujo} Thanks magoo

[15:36] {Threei}  why did I ever sell HIG?

[15:36] {magoo} huh?

[15:36] {cujo} +.10

[15:36] {nemo} fear and greed?

[15:39] {dino} both

[15:39] {magoo} greed much stronger

[15:40] {dino} giddy-up 3:40

[15:40] {Threei}  FAS explosion

[15:41] {Threei}  should p;ullback closer to .10 now for another leg up

[15:44] {Threei}  lol

[15:44] {Threei}  A Russian "cyber-militia" has effectively knocked the central Asian republic of Kyrgyzstan offline in recent days

[15:44] {Threei}  A spokesman at the Russian embassy in Washington couldn't be reached for comment. The Kyrgyz government couldn't be reached for comment. U.S. officials couldn't immediately be reached for comment.

[15:44] {Threei}  all for different reasons I assume

[15:44] {magoo} in TOP GUN..russians pilots stunk

[15:44] {hawkfan4} lol

[15:44] {Threei}  Kyrgyz government in particular because of being offline

[15:45] {magoo} thats a tru story u know :)

[15:45] {Threei}  who caught FAS?

[15:45] {cujo} here

[15:45] {Threei}  :)

[15:45] {dino} they have to get them on the phone or by mail

[15:45] {magoo} im nursinhg Q

[15:45] {cujo} yes, :) indeed

[15:46] {Threei}  ideal pullback rioght into support and immediate bounce

[15:46] {dino} no comment because server out

[15:46] {magoo} that wasnice vad

[15:46] {magoo} saw it

[15:46] {hawkfan4} i got FAS +.11

[15:46] {dino} c'mon, that was funny

[15:46] {Threei}  great reflexes guys

[15:46] {magoo} TY

[15:47] {cujo} thanks.  great call.

[15:47] {Threei}  day slowly becomes brighter

[15:47] {Threei}  too bad it's over, lol

[15:47] {magoo} lets trade AFTERHOURS

[15:47] {dino} larisa, only 120 to go

[15:47] {magoo} drink beer to

[15:47] {cujo} any suggestions for something to hold overnight?

[15:47] {magoo} NEVER DINO

[15:47] {larisa} my way too, dino :)  nobody wins :)

[15:48] {Threei}  cujo... I have some, but this is family-oriented room

[15:48] {cujo} ha ha ha

[15:48] {cujo} punny

[15:48] {nemo} I was waiting for that

[15:48] {nemo} no cujo puny

[15:48] {Threei}  who are you calling punny?

[15:49] {cujo} should have known i was setting myself up for that....

[15:49] {magoo} Q baby

[15:49] {magoo} kickin

[15:49] {magoo} puillin

[15:49] {Threei}  well, you did walk right into that :)

[15:49] {magoo} punchin

[15:49] {magoo} pinchin

[15:49] {Threei}  magoo is having fun

[15:49] {magoo} SIGH

[15:50] {Threei}  or should I say, his version of marital realtionship

[15:50] {dino} unusual

[15:50] {dawg} thanks magoo +.14 Q's

[15:50] {nemo} back to the sheep again

[15:50] {magoo} DAWG:)

[15:50] {Threei}  nice bounce everywhere

[15:50] {dino} 100 larisa, need 10 pts/min.

[15:50] {Threei}  told ya we were overstretched

[15:51] {hawkfan4} nice call

[15:51] {larisa} I think you are one day late, dino, tomorrow  +300:) 

[15:51] {Threei}  one day early you mean

[15:51] {magoo} [15:50] {Threei}  told ya we were overstretched

[15:52] {magoo} thanx to me getting u back in a plane

[15:52] {larisa} right 

[15:52] {Threei}  I thought your method was to go to restroom, mags...

[15:52] {fernp} good evening all

[15:53] {magoo} vad..your trading room mate will be assigned to u in bermuda...and if no one wants it...give me a call...ill fly,er um, trade with ya

[15:53] {Threei}  take care fern but FAS is trying to break

[15:53] {fernp} too late for me. see you all tomorrow

[15:53] {Threei}  okay :)

[15:53] {dino} good  evening fernp

[15:54] {Threei}  for the last one, waatch FAS qwuick drop to .20 or just under

[15:55] {Threei}  .40 break is right one chart wise, but so close to eod, I wouldn't go for it

[15:56] {Threei}  what do you know, even that worked

[15:56] {dino} 95 larisaaaaaaaaaaaaaaa

[15:56] {larisa} +200 all you get. no arguing!

[15:57] {Threei}  she is strict dino

[15:57] {dino} indeed

[15:57] {magoo} tell me about it

[15:58] {dino} mr. jones cranking

[15:58] {magoo} still in Q

[15:58] {magoo} from god knows where

[15:59] {nemo} goin'for the FAS pullback......not

[15:59] {Threei}  no

[15:59] {Threei}  1 min left

[16:00] {dino} out wmt .72, -.02

[16:00] {nemo} thus the "......not"

[16:00] {Threei}  tired as hell

[16:00] {Threei}  somehow today was exhausting

[16:00] {hawkfan4} me too

[16:00] {nemo} liquid rejuvenation

[16:00] {Threei}  have a good evening guys, see you tomorrow

[16:00] {larisa} see you tomorrow guys

[16:00] {cujo} see you all tomorrow. 

[16:00] {nemo} nite

[16:01] {hawkfan4} thx vad, nite all

[16:01] {magoo} ty vad..all

Jan 27 2009

Empty day, slightly down to breakeven  to slightly up depending on position size. SAtarted with successful scalps, moved to successful stops, then hit two good ones on RIMM (about 50 cents) albeit on half lot position, then took couple small stops on that same RIMM... all in all, not much to show for a day's work

Session Time: Tue Jan 27 00:00:00 2009

[07:56] {nemo} Gruess Gott Herrn K.

[08:05] {Threei}  Good morning

[08:05] {cujo} morning

[08:06] {Threei}  cujo :)

[08:06] {nemo} Vad :)

[08:06] {Threei}  nemo :)

[08:13] {magoo} morning 

[08:13] {larisa} good morning :)

[08:14] {Threei}  magoo, larisa :)

[08:14] {magoo} hi all..hey K..u want to see if we can get me up correctly? i must be close

[08:15] {hawkfan4} morning all

[08:16] {magoo} hawk:)

[08:16] {hawkfan4} mags :)

[08:16] {Threei}  hawk :)

[08:17] {hawkfan4} vad :)

[08:17] {Onix} Good morning all :)

[08:18] {Threei}  onix :)

[08:18] {hawkfan4} morning Onix

[08:18] {magoo} bidu news vad? up 8 +

[08:19] {hawkfan4} GERN gap down, don't see news

[08:19] {Threei}  I don't see anything on BIDU mags

[08:19] {magoo} do theyreport maybe?

[08:20] {Threei}  nope

[08:21] {magoo} bizarre...it has been really under performing of late

[08:21] {Threei}  neither do I hawk, trying to gauge if it's done or has more in it

[08:22] {magoo} real money commentators were negative on GERN yesterday

[08:22] {Threei}  ahhh

[08:23] {Threei}  big guru himself or his minions?

[08:23] {nemo} minions i think

[08:23] {Threei}  this stock never held its gains.... but there is something about this time

[08:23] {magoo} his bio analysst

[08:23] {Threei}  can't quite put my finger on it

[08:23] {Threei}  but feels different

[08:24] {Threei}  will keep an eye on it for a while

[08:29] {elepet} good morning

[08:29] {magoo} X rockin..news?

[08:29] {Threei}  elepet :)

[08:30] {Threei}  X

[08:30] {Threei}  REPORTS Q4 $2.00 V $0.71E (EX ITEMS), R $4.56B V $4.27BE

[08:30] {Threei}  - Results for Tubular in Q109 are expected to decrease significantly from Q408, although we expect to remain profitable. Shipments and average realized prices are expected to decrease in line with market trends.

[08:30] {Threei}  - Flat-rolled results for Q109 are expected to decrease substantially from Q408 primarily due to further declines in shipments as a result of lower customer demand, lower average realized prices and reduced effects from LIFO liquidations.

[08:30] {nemo} Britain is going to a 3 day work week

[08:30] {magoo} what?

[08:31] {hawkfan4} {==packing up and moving to Britain

[08:32] {nemo} Yep.  So many firms are ratcheting down. They want firms to cut back to avoid unemployment and the government to pick up the other two days.  It's being referred to Soviet Britain.

[08:32] {nemo} food sucks

[08:33] {hawkfan4} Vad or mags, what do you guys set your route to on Laser's level 2?

[08:33] {Threei}  on NASDAQ stocks, I keep it unchecked, letting laser to chose

[08:33] {Threei}  on listeds, I prefer ISLD

[08:34] {hawkfan4} ok, that helps, thanks :)

[08:34] {Threei}  on listeds left to chose laser sometimes goes to MLCO

[08:35] {Threei}  and their execution varies from instant fill when marketable order

[08:35] {Threei}  to what feels like end of the queue when I try to offer or bid

[08:35] {hawkfan4} yeah, that's why i asked, had a few times where i couldn't figure out why i didn't get filled, was always MLCO

[08:35] {Threei}  yup, try ISLD

[08:35] {Threei}  these ECN-infested days, it's as instant as NASDAQ

[08:36] {hawkfan4} cool beans, save me some head scratching

[08:37] {Threei}  originally, Laser was designed as NASDAQ-oriented software

[08:37] {Threei}  since listeds were kind of last century in terms of electronic fills

[08:37] {Threei}  Laser's routes to NYSE did best possible at the time

[08:38] {Threei}  but natural limitations of the exchange still used to keep NYSE/AMEX fills below the part vs NASDAQ

[08:38] {Threei}  then progress came to listeds

[08:38] {Threei}  and Laser's configuration became as relevant for them as it was for NASDAQ

[08:38] {hawkfan4} it's such a great platform, i'm sorry i resisted it for so long.  I still haven't figured out the auto stops, but i don't need them very often anyway

[08:38] {Threei}  kind of, mountain came to prophet

[08:39] {nemo} lol

[08:39] {Threei}  there is nothing to figure out, really :)

[08:39] {Threei}  dcc me when things slow down, you'll know how to use them in 3 minutes

[08:39] {magoo} vad, where do u have those settings so i can confirm

[08:39] {hawkfan4} cool, i will, thx vad

[08:41] {Threei}  mags, you can right click Level 2 and in Default Method type ISLD for listeds

[08:41] {magoo} in defaualt..i have INET typed in NAS

[08:41] {magoo} Listed blank

[08:42] {Threei}  if you ever see it going to MLCO, means it still has some feedom of choice in certain circumstances

[08:42] {Threei}  then just chak box Route On/Off, and pick ISLD in dropdown menu

[08:42] {magoo} so leave NAS blank and type ISLD in LISTED?

[08:42] {Threei}  it will nail execution to ISLD for sure

[08:42] {Threei}  why leave NAS blank?

[08:43] {Threei}  leave it INET, as it is

[08:43] {Threei}  [08:41] {magoo} in defaualt..i have INET typed in NAS

[08:43] {Threei}  leave it as it is

[08:43] {Threei}  type ISLD in Listed

[08:43] {hawkfan4} watching X for a bounce

[08:43] {hawkfan4} in .55

[08:44] {Threei}  but with listeds it's not always that straightforward

[08:44] {magoo} ok, but cant type it in...how i get the pop up?

[08:44] {Threei}  so chacking that box and picking ISLD is surefire method to keep your route where you want it

[08:45] {Threei}  can't type it in?

[08:45] {magoo} which box? sorry

[08:45] {Threei}  Route On/Off in execution panel

[08:45] {Threei}  see it?

[08:46] {Threei}  right in the middle

[08:47] {magoo} in the middle of lev 2 trading sttings?

[08:47] {Threei}  execution panel

[08:47] {Threei}  where your buy/sell buttons are

[08:47] {hawkfan4} right above the Limit Buy button

[08:47] {Threei}  in mysetup it's to the right of Cancel button

[08:49] {magoo} my set up only has sell cancel

[08:49] {magoo} buy buttons

[08:49] {Threei}  nice catch on X hawk

[08:49] {Threei}  ok mags, to see the same panel as I see, do this:

[08:50] {Threei}  in Menu, click:

[08:50] {Threei}  View

[08:50] {Threei}  and make sure following two lines are checked:

[08:50] {Threei}  Level II Mouse style

[08:50] {Threei}  Level II Button style

[08:51] {Threei}  now you should see buttons: Limit sell, limit buy, market sell, market buy, cancel

[08:51] {magoo} i see that

[08:52] {Threei}  in the middle, you have box Route On/Off

[08:52] {Threei}  check it, dropdown menu under Route goes live

[08:52] {Threei}  pick your route

[08:52] {Threei}  uncheck it, laser will pick route by itself

[08:52] {hawkfan4} out X .79, +.24

[08:53] {Threei}  got it?

[08:53] {dino} gm

[08:53] {magoo} i checked it..

[08:53] {Threei}  dino :)

[08:53] {Threei}  that's not godd hawk... we are asleep yet and ou zalready are making money

[08:54] {elepet} drys moving up

[08:54] {Threei}  08:16am Baltic Dry Bulk Index +0.9%, sixth straight increase

[08:54] {magoo} so ii pick island under route..then uncheck route on/off?

[08:54] {Threei}  no

[08:55] {Threei}  don't unchek it unless you want to allow laser to pick the route

[08:55] {Threei}  keep it checked while you are on listed

[08:55] {Threei}  on NASDAQ, it doesn't really matter

[08:55] {Threei}  I prefer to keep it unchecked when on NASDAQ,

[08:55] {Threei}  because on market orders it behaves somewhat differently

[08:55] {magoo} oh ok

[08:55] {Threei}  and gives better fills if picks route itself

[08:56] {Threei}  not that I use market orders much

[08:56] {Threei}  but emergency sneaks up on you when you least expect it

[08:56] {magoo} TY

[08:56] {nemo} vad...how do you set font size again?

[08:57] {Threei}  right click Level 2, tab Level II style

[08:57] {nemo} duh? ty

[09:00] {Threei}  NOV CASE SHILLER HOME PRICE INDEX: 154.59V 158.16 PRIOR;

[09:00] {cosmo} NFLX:   Netflix profit jumps 45% as expenses decline

[09:00] {cosmo} 5:59 PM ET, Jan 26

[09:01] {KSystems} Good morning!!

[09:01] {Threei}  ks :)

[09:01] {nemo} Hey, who bought X.  Might as well take the rest of the day off

[09:06] {patience} good morning RT   :)

[09:07] {Threei}  patience :)

[09:09] {fernp} hello everybody

[09:09] {Threei}  fern :)

[09:11] {KSystems} good morning buyemsellem

[09:11] {_buyemsellem} good morning

[09:12] {Threei}  morning buythem, welcome

[09:12] {_buyemsellem} thank you

[09:12] {hawkfan4} gm buyem

[09:16] {Threei}  I don't see clean opening plays yet

[09:17] {Threei}  SLW got a bit by aftermarket news... gotta let it trade to see how market reacts

[09:17] {Threei}  AUY, chart wise, pulled back into that C&H break that we played yesterday at the open,

[09:18] {nemo} that news was net positive for trading...gets the fiscal noose from around SLW's neck

[09:18] {Threei}  but it did dip to 7.80 yesterday

[09:18] {dptl} gm all

[09:18] {Threei}  that's the working assumption nemo, yes... just want to see market action confiriming that

[09:18] {Threei}  dp :)

[09:19] {nemo} yeah..Bill's opening commentary this morning

[09:21] {brian3579} today or tomorrow is my last day just wanted to thank everyone for the help.  I learned so much from just following everyone's setups.  Thank you again and good luck to you all

[09:22] {Threei}  good luck brian, you knowwhere to find us when you miss us

[09:22] {dino} good luck to you brian

[09:22] {hawkfan4} take care brian

[09:22] {dino} welcome to the jungle buy&sell

[09:23] {magoo} take care brian

[09:24] {Threei}  keeping an eye on ABAT

[09:24] {brian3579} :)

[09:24] {Threei}  in case it becomes tradeable spread wise

[09:24] {nemo} see DRYS?

[09:24] {Threei}  electric batteries for cars

[09:25] {Threei}  (US) SENATOR JACK REED: A "BAD BANK" IS SOMETHING CONGRESS MUST CONSIDER

[09:25] {Threei}  no fresh news on DRYS

[09:26] {magoo} drys personna has changed last few sessions

[09:26] {gen} gm everybody :)

[09:26] {magoo}  not as powerful off the opening bell

[09:26] {Threei}  gen :)

[09:26] {Threei}  yeah, former clear pattern of stunning jump was not there lately on DRYS

[09:27] {Threei}  3 zone is a breakout for ABAT...

[09:27] {dino} use drys on nat, tbsi

[09:27] {gen} Vad :)

[09:27] {Threei}  spread is horrific

[09:28] {nemo} Yeah, I already have too much gray and too little overall to trade THAT!

[09:29] {Threei}  guy who bought 3.45 - 3.50 wonders what the hell he was thinking

[09:29] {nemo} Been there, done that, got the scars to prove it.

[09:29] {dino} t smackdown

[09:30] {cujo} RIMM strong selling

[09:31] {ese} morning

[09:31] {Threei}  ese :)

[09:31] {Threei}  NURO...

[09:31] {Threei}  impressive gap

[09:31] {Threei}  colatile thing

[09:31] {dino} afam spike

[09:31] {Threei}  volatile too

[09:32] {cujo} he he

[09:32] {Threei} Long Setup:  DRYS  .85

[09:32] {Threei}  stop under .70

[09:33] {KSystems} in

[09:33] {cujo} in

[09:33] {magoo} in

[09:34] {Threei}  let's move stop to under .75

[09:35] {ese} in

[09:35] {Threei}  want to control it tight, and if those big bids get hit we have no business to be in

[09:36] {Threei}  1:1 DRYS

[09:36] {Threei}  make your choice

[09:36] {KSystems} half out

[09:37] {tomg} ty vad

[09:37] {Threei}  welcome tom

[09:37] {ese} out on 1/2 lot

[09:37] {Threei}  if trying to hold second half, stop to under .80

[09:37] {ese} .99 tks vad

[09:37] {Threei}  ese :)

[09:38] {Threei}  if breaks 12, stop to breakeven

[09:38] {magoo} im trying to catch a move with it

[09:38] {Threei}  and see if you get a sharp jump to exit into

[09:38] {Threei}  DRYS is sure capable of one

[09:40] {cujo} out 1:1anks Vad

[09:40] {cujo} thanks

[09:40] {Threei}  cujo :)

[09:40] {dino} eqix strong last couple days

[09:40] {cujo} BTW got the BVO

[09:40] {Threei}  cool beans

[09:40] {dino} 55 trig sm l imo

[09:40] {Threei}  let me know how you enjoy it as you go through it

[09:41] {_buyemsellem} nice call thank you

[09:41] {cujo} will do. 

[09:41] {Threei}  12 broken, no real jump

[09:41] {Threei}  stop to breakeven, do NOT lose money on this trade

[09:41] {Threei}  welcome buythem

[09:41] {Threei}  or em

[09:42] {Onix} ty Vad, got some in DRYS

[09:42] {dino} algt interesting

[09:42] {Threei}  onix :)

[09:42] {_buyemsellem} thank you, that's a fine welcome

[09:42] {Threei}  now, watch where it bottoms out if not stopped,

[09:42] {Threei}  and as it breaks 12 again trail stop to under that new bottom

[09:43] {dino} sm l algt .50, risky, wide

[09:44] {nemo} slw might be double bottoming from low of yesterday

[09:44] {Threei} Short Setup: LLTC  .35 half lot if stays under .50

[09:44] {Threei}  actually

[09:44] {Threei}  .37 is even better trigger

[09:45] {Threei}  lol, 1:1 in a hurry

[09:45] {Threei}  if missed, do not chase

[09:45] {magoo} missed//it was .40

[09:45] {magoo} thebn boom

[09:45] {Threei}  that was really fast

[09:47] {cujo} that was fast 

[09:47] {cujo} got out before i even put my stop in

[09:47] {Threei}  you caught it cujo?

[09:47] {cujo} great call

[09:47] {Threei}  good reflexes

[09:47] {cujo} yeah +.10 thanks

[09:47] {cujo} i'm jumpy if nothing else

[09:48] {Threei}  sheesh NFLX

[09:48] {Threei}  HEARING DEALREPORTER SAYS SNY MAY BE INTERESTED IN ACQUIRING CRXL

[09:48] {dino} gj

[09:49] {Threei}  GERN has identity crisis

[09:50] {cujo} thanks dino

[09:50] {Threei}  "am I a runner? am I dead in the water?"

[09:52] {tomg} ice storm here, lights dimming, so will just watch for rest of day. got lltc, ty vad :) 

[09:52] {Threei}  tom :)

[09:53] {dino} gj tom

[09:54] {tomg} ty dino

[09:54] {Threei}  ADBE

[09:54] {Threei}  half lot long as close to 20 as you can get

[09:54] {Threei}  watch market for upticks before you enter

[09:55] {Threei} Long Setup:  BBY  .35 half lot

[09:55] {Threei}  if styas above .20

[09:55] {Threei}  stop under 20 ADBE if you caught it

[09:59] {Threei}  bounce time market

[09:59] {Threei}  JAN RICHMOND FED MANUFACTURING INDEX: -49 V -50E

[10:00] {Threei}  JAN CONSUMER CONFIDENCE: 37.7 V 39.0E

[10:01] {Threei}  no worky ADBE

[10:01] {ese} L STLDE .40 3/4

[10:01] {ese} STLD

[10:02] {Threei}  for some wierd reason market got all upset by bad numbers

[10:03] {Threei}  BBY is holding surprisingly well while market sells down

[10:03] {nemo} no competition with Circuit City going out of business :)

[10:03] {fernp} cover RF +.15 and DELL +.15

[10:03] {Threei}  nice scalping footwork fern

[10:04] {dino} beauty fernp

[10:04] {fernp} ty

[10:04] {Threei}  awww... BBY gave up

[10:04] {cujo} stopped BBY

[10:04] {Threei}  stopped

[10:04] {Threei}  most likely shakeout

[10:04] {Threei}  but what doesn't work, doesn't work

[10:06] {fernp} what happened with BBY -30 cents in two seconds 

[10:06] {Threei}  airpocket...

[10:06] {fernp} stopped

[10:06] {Threei}  one of reasons you don't use hardwired stops

[10:06] {dino} gaps filled

[10:06] {cujo} what are hardwired stops?

[10:07] {Threei}  manual will give you normal fill just under .20

[10:07] {Threei}  software stop will most likely take you out much lower on such sharp spike down

[10:07] {nemo} pre-set orders cujo

[10:07] {cujo} ahh thanks. 

[10:07] {fernp} if I only have one open position then I use manual stops

[10:07] {gen} bye everybody i'm done  have to come back to work :(

[10:07] {Threei}  take care gen

[10:08] {cujo} se eya gen

[10:08] {gen} :)

[10:08] {ese} out STLD  +.03   don't what market wants o do

[10:09] {fernp} but with 3 open positions i feel safer with stops limit orders 

[10:09] {Threei}  STLD is a salmon

[10:09] {ese} bad decision...up .20

[10:09] {nemo} 'xplain salmon in this context?  Swimming up river?

[10:10] {ese} salmon?  I must have missed that discussion

[10:10] {Threei}  yup

[10:10] {Threei}  against the current

[10:10] {nemo} they die after sex too

[10:10] {ese} ah ha

[10:10] {cosmo} exactly

[10:10] {nemo} better than male black widow spiders, they get eaten by the females

[10:11] {dino} apol again es

[10:12] {dino} esi holding

[10:14] {cujo} ALGT forming a big cup?

[10:14] {ese} L HLTH .91 3/4

[10:14] {Threei}  ALGT is beyond my risk tolerance

[10:14] {ese} hmmmm that probably should have been a 1/2.....we'll go with it

[10:15] {dino} yeah, a bit jumpy

[10:17] {dino} todays the day we close up 200

[10:17] {cujo} in HLTH as well es .91

[10:17] {cujo} stop at .75?

[10:18] {ese} and were off

[10:18] {ese} setup looks good....a little market help would be nice

[10:18] {cujo} yup

[10:19] {ese} have got my stop at .84.....because i probably should have been 1/2 lot on this one

[10:20] {cujo} thanks

[10:21] {Onix} AKS?

[10:21] {dino} only 199 to go

[10:21] {larisa} lol

[10:21] {dino} :)

[10:22] {ese} actually cujo...this is a cup and handle setup on the 1min chart.....just noticed that...should work in our favor

[10:22] {Threei}  nothing compelling here onix

[10:22] {Onix} ty

[10:23] {dino} fyi fed today and tomorrow, not that any changes should occur

[10:28] {Threei}  STT got perky all of a sudden

[10:29] {ese} stopped HLTH -.07 

[10:30] {Threei} Long Setup:  STT  .90 break if holding above .80

[10:30] {nemo} feels like flossing with barbe wire out there

[10:30] {Threei}  lol

[10:30] {Threei}  I have too vivid imagination

[10:30] {nemo} too many experiences from homeland

[10:31] {KSystems} in STT

[10:32] {cujo} in as well KS

[10:32] {Threei}  market can't find firm footing

[10:33] {Threei}  ok, bounce time

[10:33] {magoo} cant remember last session it could sigh

[10:33] {Threei}  you are kidding

[10:33] {Threei}  we had very strong recoveries on regular basis

[10:34] {magoo} your dreaming

[10:34] {Threei}  eeck

[10:34] {Threei}  were you even here?? :)

[10:34] {nemo} take your meds mags

06[10:35] * Threei kicks stt in the rear

[10:35] {cujo} harder

06[10:37] * Threei kicks STT in the rear harder per cujo's request

[10:37] {magoo} nice kick

[10:37] {ese} long TWTC 3/4 .06

[10:37] {cujo} thanks

[10:37] {nemo} how long your boots last with all this kickin'?

[10:37] {ese} cujo you still hangin in hlth

[10:37] {cujo} nope

06[10:38] * Threei quietly thinks that with nick like that cujo could be very effective in this violence thing

[10:38] {cujo} out flat

[10:38] {cujo} you?

[10:38] {Threei}  market is ready for the next leg up

[10:38] {ese} nope out -.07....it hit my stop

[10:38] {Threei}  don't shake us out STT

[10:38] {magoo} try being nice to it

[10:38] {magoo} it worked yestyer

[10:39] {ese} was still a good trade...setup was right

[10:39] {Threei}  I exhausted my niceness yeaterday, mags :(

[10:39] {cujo} stop

[10:39] {Onix} stppoed STT

[10:39] {nemo} well doesn't this just suck

[10:40] {KSystems} stt stopped

[10:40] {cujo} grrr

[10:40] {cujo} ehh

[10:40] {Threei}  oh great... go in the depth of desperation

[10:40] {Threei}  you guys...

[10:40] {nemo} see this: http://www.bloomberg.com/apps/news?pid=20601087&sid=a6VFHYPYRB9k

[10:40] {Threei}  stop these overly emotional reactions

[10:40] {nemo} Putin's got a mommy complex

[10:41] {cosmo} TLAB may test hod ...cheer up

[10:41] {nemo} yeah...and I'm tall

[10:41] {Threei}  Dont ask for anything and dont complain about anything... heh

[10:41] {Onix} stops saves us from bigger losses

[10:42] {Threei}  this is actually Russian prison saying

[10:42] {nemo} who's the prison "chicken"

[10:42] {cosmo} sounds chow lin to me

[10:44] {cosmo} shaolin that is

[10:44] {nemo} buddhists...

[10:45] {cosmo} sorta

[10:46] {nemo} yeah...sorta' not, makes nice cover

[10:46] {Threei}  so much for Geithner rally

[10:47] {Onix} :D

[10:47] {Onix} no market saviour in sight

[10:47] {Threei}  knight in shining armor is coming

[10:48] {Threei}  I am sure

[10:48] {cosmo} k then, ... let go / let budda

[10:48] {nemo} You got a fever vad?

[10:48] {dino} apol sm l .20

[10:48] {Onix} i think his horse went lame :/

[10:49] {hawkfan4} i've got a fever, and the only prescription is...more cowbell!

[10:49] {dino} stop is .87

[10:49] {nemo} Cowbell?  huh?

[10:50] {Onix} Off to work now, try and have some fun while i'm away

[10:50] {hawkfan4} saturday night live skit

[10:50] {Threei}  take care Onix... if you meet that knight stay away from him

[10:50] {nemo} sorry, haven't watched SNL since the 70s

[10:50] {Threei}  I have a feeling he will finish the market off with his slavation attempts

[10:50] {Onix} :D

[10:50] {nemo} merely a flesh wound vad

[10:51] {Threei}  let's hope

[10:51] {hawkfan4} i used to do drugs in the 70's, now i don't care what the temperature is

[10:51] {cujo} ha ha

[10:51] {cujo} nice

[10:51] {hawkfan4} :)

[10:52] {Threei}  RIMM, double bottom

[10:52] {Threei}  umm... jumped

[10:52] {nemo} I can't remember if I did drugs in the 70s...I guess that's a clue right there

[10:52] {Threei}  no chasing, see if you can get pullback closer to .30

[10:52] {Threei}  ugh... was available .31 -.32 when I spotted it

[10:53] {cosmo} nemo... do you still care about the temoerature? ... hawk doesent...

[10:53] {cosmo} temperature

[10:54] {nemo} no, Vad's temperature when he talked about the savior

[10:55] {nemo} as in "fever"

[10:55] {Threei}  so far, useless day

[10:55] {Threei}  threading water

[10:56] {Threei}  why was I late on RIMM... such clean play

[10:56] {hawkfan4} very, lousy action so far

[10:56] {nemo} fever?

[10:56] {cosmo} walking on it is better

[10:56] {cujo} fever for more cowbell

[10:57] {nemo} we need help

[11:00] {cosmo} TLAB hod = 4.26  fwiw

[11:03] {Threei}  if market jumps up here, DRYS is a candidate for recovery

[11:03] {Threei}  .40 is pronounced support

[11:04] {Threei}  hopefully holding above .50 to provide us with tighter stop

[11:04] {Threei}  .57 big offer

[11:04] {Threei}  .59 too though, lol

[11:04] {Threei}  discretionary trade guy

[11:05] {Threei}  take it if feel like it... ignore if don't

[11:05] {Threei}  best scenario would be pullback closer to support and scalp on bounce

[11:05] {dino}  apol stop to .63

[11:05] {Threei}  NSXX chases down with his offer

[11:06] {Threei}  good thing actually

[11:06] {Threei}  would be lovely to see him chasing it down under .50 and getting taken there

[11:06] {dino} stopped +.42

[11:06] {hawkfan4} nice

[11:06] {Threei}  gives us much better entry point and tighter stop

[11:07] {nemo} he's gone to .52

[11:07] {Threei}  yes

[11:07] {fernp} stop is under .40, no?

[11:07] {Threei}  if triggers, yes

[11:08] {dino} ty hawk

[11:08] {Threei}  ok

[11:08] {Threei}  in

[11:08] {hawkfan4} aks .47

[11:08] {Threei}  market jump

[11:08] {Threei}  gotta take it somewhere

[11:08] {Threei}  got .51 - .53

[11:08] {Threei}  .60 is clear resistance to break for the next leg up

[11:09] {Threei}  half out .63

[11:09] {Threei}  beauty of aggressive entries

[11:09] {Threei}  stop to .45

[11:12] {fernp} out if full .62

[11:12] {fernp} in

[11:12] {Threei}  natural born scalper eh?

[11:12] {fernp} +.09 ty

[11:12] {Threei}  good reflexes fern

[11:12] {Threei}  that NSXX was dead giveaway

[11:13] {Threei}  and sharp market spike shaped it up

[11:15] {Threei}  I'll be anal-retentive and trail stop to .49 here

[11:15] {Threei}  not that 4 cents matter all that much on remaining half lot, just doing things by the book

[11:16] {magoo} go mkt goooooooooo\

[11:16] {magoo} prove my whining wrong

06[11:16] * Threei envisions magoo kicking market with both feet

06[11:17] * magoo slaps &Threei around a bit with a large with spear magoo took from rambo after rambo was done using it to get wild boar

[11:18] {Threei}  did you clean that up to avoid infections?

[11:18] {hawkfan4} out aks .69 +.22

[11:18] {Threei} Long Setup:  RIMM  .40 half lot if market spikes again

[11:18] {Threei}  and RIMM stays above .25

[11:19] {magoo} yup..heated it in rambos warm fire coals first

[11:19] {Threei}  ty

[11:19] {Threei}  that's very considerate of you

[11:20] {cosmo} tlab test

[11:20] {Threei}  no pun intended cos?

[11:20] {cosmo} always

[11:20] {Threei}  RIMM is ready

[11:21] {magoo} in RIMMbo

[11:21] {Threei}  market will decide its fate as always

[11:21] {Threei}  but stop is tight enough

[11:21] {Threei}  and NASDAQ looks ready to 'ally

[11:22] {cujo} in RIMM .43

[11:22] {Threei}  come on NQ, break 1195

[11:23] {Threei}  and jump like crazy antelope

[11:23] {KSystems} drys stop for the rest still .49?

[11:23] {nemo} being chased by lion

[11:23] {Threei}  yes KS

[11:24] {Threei}  RIMM is very willing, needs just a nod from NASDAQ

[11:24] {Threei}  and guys... I know, RIMM is volatile animal

[11:24] {Threei}  but it does look like more than scalp

[11:25] {Threei}  maybe sell 3/4

[11:25] {Threei}  about here

[11:25] {Threei}  and just leave the rest

[11:25] {Threei}  53 is real possibility

[11:26] {cujo} out +.14 thanks Vad

[11:26] {Threei}  welcome

[11:27] {magoo} waiting .87

[11:27] {Threei}  DRYS lost connection with market

[11:28] {Threei}  RIMM{ on the other hand is stronger than market

[11:28] {cujo} strong like bull

[11:28] {Threei}  over 1:2

[11:30] {magoo} out .87 TY boss

[11:30] {Threei}  out .92

[11:30] {Threei}  +.50

[11:30] {cujo} nice trade

[11:30] {Threei}  day becomes brighter

[11:30] {magoo} i may rekload it pulls back

[11:31] {cujo} top tick ;)

[11:31] {Threei}  no... .97 is top

[11:31] {hawkfan4} +.49 rimm, thx vad

[11:31] {cujo} what area you thinking magoo?

[11:31] {Threei}  hawk :)

[11:31] {cujo} for reload .50?

[11:31] {Threei}  [11:25] {Threei} 53 is real possibility {--- crystal ball got clear for a second here

[11:32] {Threei}  shoulder though is in pain

[11:33] {nemo} it hasn't been that great a day

[11:33] {cujo} better second half

[11:33] {nemo} still morning...got time

[11:33] {magoo} cujo..need to watch couple things..pullsback...and mkt strength resumes

[11:34] {cujo} thanks magoo

[11:34] {KSystems} thanks for RIMM Vad!

[11:34] {magoo} so if gets near .50 and mkt resumes..

[11:34] {Threei}  so what nemo, I use every good trade to exercise that back-patting motion

[11:34] {Threei}  ks :)

[11:34] {nemo} self-gratification

[11:34] {magoo} see Q chart red bars..so no go here

[11:35] {cujo} ouch on the NAZ chart

[11:42] {Threei}  another drop is coming

[11:42] {nemo} in RIMM market both all?

[11:42] {Threei}  market

[11:43] {nemo} Vadrodamus

[11:43] {Threei}  RIMM is a follower for the most part

[11:45] {Threei}  drop, jump

[11:45] {Threei}  no rhythm

[11:46] {KSystems} and .70

[11:46] {KSystems} sorry

[11:47] {hawkfan4} STLD .73, stop .59.  1/2. volatlile thing

[11:50] {dino} apol sm l .40

[11:59] {Threei}  listless action in the market

[11:59] {Threei}  liking how RIMM is holding though

[12:01] {Threei}  US CONGRESSMAN FRANK: OPEN TO INCREASING SIZE OF TARP IF THE ADMINISTRATION CAN DEMONSTRATE A NEED FOR IT

[12:01] {Threei}  suuure

[12:01] {Threei}  what's a hundred billions between friends

[12:01] {nemo} a lot of toilet paper

[12:03] {Threei}  let's watch RIMM for forming new support close to break level, for 53 long trigger on market bounce

[12:03] {larisa} can i have a roll of 4-ply :)

[12:03] {nemo} what grit?

[12:04] {Threei}  .85 support so far

[12:05] {Threei}  over 1:1

[12:05] {Threei}  half out who got it

[12:05] {Threei}  or scalp

[12:05] {magoo} i did

[12:06] {Threei}  can't tell with these market jumps

[12:06] {dawg} i did ty

[12:06] {Threei}  welcome

[12:06] {Threei}  typical salmon play

[12:06] {_buyemsellem} yes, ty

[12:06] {Threei}  :)

[12:06] {Threei}  who partialled, stop to under 53

[12:07] {cujo} out .27

[12:07] {magoo} out .25 TY boss

[12:07] {Threei}  good job guys

[12:08] {Threei}  that's the way to handle the day

[12:08] {magoo} nice call

[12:08] {Threei}  just plug along on valid setups

[12:08] {cujo} thanks Vad

[12:08] {Threei}  shrug off stops, they mean nothing - as long as you keep them

[12:08] {Threei}  REPORTEDLY HOUSE REPUBLICAN LEADERSHIP ARE URGING MEMBERS TO VOTE AGAINST THE STIMULUS BILL

[12:12] {dino} i vote that way too. let capitalism work

[12:13] {nemo} hehehe...no such thing here

[12:14] {Threei}  nah dino... haven't you heard? capitalism discredited itself

[12:14] {Threei}  it's all governement now

[12:14] {Threei}  'cause it knows best

[12:19] {dino} 124 to go

[12:19] {Threei}  I wonder whether we hear about 5 years plan soon

[12:20] {magoo} RIMM strong

[12:20] {Threei}  mags... stop that... Master of the Obvious is MY title

[12:20] {dino} it's a 3 year as it is $26b this year

[12:21] {magoo} but u taught me that

[12:22] {Threei}  in a perverse way... it actually makes sense

[12:22] {hawkfan4} out STLD .93, +.20.  Watching it for 12 break

[12:22] {Threei}  good one hawk

[12:22] {cujo} nice one hawk

[12:22] {hawkfan4} thx :) steels following X, keeping one eye on it

[12:23] {dino} gj

[12:24] {Threei}  way to find correlations

[12:24] {hawkfan4} been a while

[12:24] {hawkfan4} thx dino

[12:25] {Threei}  this is very unusua; stock for me to bring to your attention... but hard t ignore this slow steady buying

[12:25] {Threei}  NURO

[12:26] {nemo} awful thin though

[12:26] {nemo} scarrrrry

[12:26] {cujo} scalp?

[12:27] {Threei}  I don't know cujo... like I said, not my normal stock

[12:27] {Threei}  showing it to you, who sees a play in it, will use it

[12:27] {cujo} got ya.  Thanks. 

[12:28] {dino} theres 100

[12:29] {Threei}  can I get a do-over and change 53 to 54 in my RIMM read?

[12:29] {magoo} u and magoo both

[12:31] {hawkfan4} STLD .99, skeery one, tight stop

[12:34] {hawkfan4} nah, dumped .96, rather wait for the break

[12:42] {Threei}  doesn't feel like we will get next leg up now

[12:42] {Threei}  market rather feels ready to roll over

[12:43] {nemo} time to short????

[12:44] {Threei}  not confident enough to short, but staying away from trying to go long here

[12:44] {Threei}  RIMM didn't even try to touch high on this last market little spike

[12:45] {Threei}  neither did STLD

[12:45] {hawkfan4} yep

[12:45] {nemo} RIMM was runnin' up against recent resistance also

[12:46] {Threei}  quite sharp downturn

[12:46] {hawkfan4} great read vad

[12:46] {Threei}  ty

[12:50] {_jamielee} when's your last position of RIMM out, Vad? at around .30?

[12:50] {Threei}  yes jamie

[12:51] {_jamielee} ty Vad

[12:51] {Threei}  sure

[12:52] {dino} apol stop to .82

[12:52] {dino} to .90

[12:54] {dino} stopped apol .90, +.50

[12:55] {cujo} nice trade dino

[12:55] {hawkfan4} nice

[12:55] {dino} ty

[12:56] {nemo} Interesting...S&P kissed 850 twice...looks like it might headed back to try again

[12:57] {dino} wants 857-862 imo

[12:58] {dino} whippy today

[12:59] {hawkfan4} very

[12:59] {larisa} not if you bought in the morning and waiting for dino's +200 :)

[13:00] {dino} lol

[13:00] {dino} 3 hours to go

[13:01] {dino} i guess i was 1/2 right so far

[13:02] {larisa} hey! do not cheat :) 

[13:02] {dino} ;)

[13:05] {dino} apol new lows

[13:06] {dino} esi dump

[13:07] {Threei} Short Setup: RIMM  .40 if stays below .50

[13:07] {KSystems} in

[13:08] {Threei}  no worky

[13:08] {Threei}  feels like short still

[13:09] {KSystems} out

[13:09] {Threei}  aggressive entry is probably better way to try it

[13:12] {Threei}  with next market drop should go to 53, but finding entry is tricky

[13:15] {Threei}  same setup is valid again... third try of the bottom is more likely to break

[13:15] {fernp} IN

[13:15] {KSystems} half lot this time, wider stop

[13:15] {dptl} stop stil .50?

[13:16] {Threei}  topped at .52

[13:16] {Threei}  so .55

[13:16] {dptl} ok ty

[13:17] {dino} apol sm l .00

[13:17] {dino} risky

[13:17] {Threei}  die RIMM

[13:18] {dptl} it will...bidding 53

[13:18] {Threei}  ok, bidding 53.01

[13:18] {dptl} :)

[13:18] {KSystems} no partialling?

[13:18] {cujo} :)

[13:19] {hawkfan4} .04

[13:19] {Threei}  hmmm... no .02 or .03?

[13:20] {Threei}  come on RIMM, you are in downtrend now

[13:20] {fernp} 53.01???? if touch 53.25 I am out

[13:20] {cujo} down with RIMM

[13:20] {Threei}  they are greedy fern

[13:20] {dptl} greed is good

[13:22] {Threei}  sigh

[13:22] {cujo} RIMM evil

[13:22] {dptl} stopped

[13:22] {KSystems} stopped

[13:23] {fernp} stopped

[13:23] {Threei}  this market spike broke the trend

[13:25] {Threei}  the only thing I can attribute this spike to is:

[13:25] {Threei}  (CL) CHILEAN FINANCE MINISTRY NOTES IT IS NOT PLANNING TO ISSUE A $600M EUROBOND

[13:29] {Threei}  who is plugging and unplugging market every 3 minutes?

[13:30] {nemo} Where's Paulson now?

[13:30] {Threei}  you think Geithner forgot to take the button from him?

[13:31] {nemo} hehe

[13:31] {larisa} new guy is playing with it..

[13:31] {Threei}  or they just through quick training?

[13:31] {Threei}  "lookie here Geithner0buddy, push it to drop the market

[13:31] {Threei}  or this one to prop it"

[13:31] {Threei}  "can I try it paulie?"

[13:32] {Threei}  "sure, go ahead"

[13:32] {Threei}  and we sit here trying to read it

[13:35] {dino} sm l wynn .60

[13:36] {dino} cvtx drop

[13:36] {Threei}  US) PRESIDENT OBAMA: STIMULUS PACKAGE WILL NOT GET 100% SUPPORT, CONTINUES TO WELCOME GOOD IDEAS FOR THE STIMULUS

[13:37] {Threei}  PIMCO REPORTEDLY DISAGREES WITH LIKELIHOOD THAT US BANKS WILL BE NATIONALIZED

[13:37] {dino} shocking......not 100%. who does he think he is expecting 100%

[13:38] {Threei}  (US) HOUSE REPUBLICAN LEADERSHIP NOTES TODAY'S VOTE REPRESENTS THE FIRST STEP IN PROCESS OF PASSING A STIMULUS PACKAGE

[13:38] {nemo} PIMCO  BFD

[13:38] {Threei}  the one dino?

[13:38] {nemo} Geez gotta' put a stake in RIMM

[13:39] {Threei}  and use garlic

[13:39] {nemo} silver bullets

[13:39] {Threei}  thing got new lease on life

[13:39] {dino} as in neo?

[13:39] {nemo} Gollum

[13:40] {dino} matrix i was thinking, the one

[13:40] {nemo} I understand

[13:40] {Threei}  54 be broken

[13:41] {dino} out apol .70, +.70

[13:41] {Threei}  I have no slightest idea how to read these sudden jerks

[13:42] {dino} buy the blood

[13:42] {Threei}  but there is slightest indication where it ends

[13:42] {dino} or were you talking about nemo?

[13:42] {Threei}  lol

[13:42] {dino} i crack me up

[13:42] {Threei}  it bounces and drops off random points

[13:43] {nemo} funny, I was wondering that myself...and what's worse, I can't retaliate

[13:43] {dino} i prefer perculiar points

[13:43] {dino} wow, misspelled that

[13:43] {nemo} huh?

[13:44] {Threei}  misspelled is nothing... try this for a size:

[13:44] {Threei}  {dino} i crack me up

[13:44] {larisa} lol

[13:44] {nemo} wonder if his shoulder hurts too?

[13:44] {dino} well i did

[13:46] {dino} :)

[13:48] {nemo} dino, coming to the Bahamas?

[13:49] {dino} i can't,. will be in myrtle beach

[13:49] {Threei}  i2romantis does

[13:49] {nemo} does what?

[13:49] {Threei}  comes to bahamas

[13:49] {nemo} ohhhh

[13:50] {dino} cat getting hit

[13:50] {Threei}  who just bought 43K of RIMM?

[13:50] {Threei}  hawk, you partialled in?

[13:50] {hawkfan4} took a 1/2 position ;)

[13:51] {Threei}  yeah, thought so

[13:51] {hawkfan4} i'll add the other 43k if it pulls back a bit

[13:51] {Threei}  or if breaks the high?

[13:52] {nemo} DRYS look like it's bottoming?

[13:52] {Threei}  coin toss

[13:53] {Threei}  can drop more just as easy

[13:53] {larisa} was looking at it in case it breaks 0.25. never did

[13:53] {larisa} 0.05 range for looong time, freaky :)

[13:54] {nemo} "loooong time" reminds me of Thailand

[13:55] {Threei}  hmmm

[13:55] {Threei}  this is very very disturbing

[13:56] {Threei}  "Cosmo was convicted of a federal charge of felony fraud and swindle in 1999 and sentenced to 21 months in prison. He was released in August 2000, according to the U.S. Bureau of Prisons."

[13:56] {Threei}  http://www.reuters.com/article/newsOne/idUSTRE50Q0EQ20090127

[13:56] {Threei}  guess when cosmo has joined realitytrader

[13:57] {hawkfan4} lol

[13:59] {Threei}  now I understasnd why he asked with how many passports I travel abroad... and why he was so surprised to hear "just one"

[14:00] {Threei}  this is the wierdest market in quite a while today

[14:00] {nemo} I thought FSB guys always carrie multiples?

[14:00] {dino} wynn stopped -.35

[14:01] {nemo} DRYS sprung a leak

[14:01] {nemo} must be those pirates

[14:02] {magoo} u know DRYS really does stink

[14:02] {Threei}  today, totally

[14:02] {Threei}  lost all will to live

[14:02] {Raven} leave poor cosmo alone :)

[14:02] {Threei}  poor?

[14:03] {Raven} jailbird

[14:03] {magoo} its like there atre only 5 traders out there..and they are only buying RIMM

[14:03] {Threei}  we are talking $400 million

[14:03] {Raven} hmmm ... stinkin' cosmo never offered to share that

[14:04] {cosmo} back .... had to get my passport photo taken

[14:04] {larisa} lol

[14:04] {Raven} lol

[14:04] {cosmo} again...

[14:04] {Threei}  lol

[14:04] {Raven} and again

[14:04] {hawkfan4} geez, get out of prison, and 9 years later he has 400 million.  I must be doing something wrong :)

[14:05] {cosmo} they said i needed one with a turban

[14:05] {Raven} when did they let you out hawk?

[14:05] {cosmo} go figure...

[14:05] {hawkfan4} lol, i escaped

[14:05] {Threei}  they didn't raven

[14:05] {Raven} nice

[14:05] {Threei}  I had to drive over there with big ladder

[14:05] {Threei}  and shovel

[14:05] {Raven} over and under

[14:06] {Threei}  jeez

[14:06] {Threei}  look at this

[14:06] {hawkfan4} pure chaos

[14:06] {Threei}  what the hell is goling on with market today?

[14:06] {Threei}  I haven't seen such jerky trading in I don't know how long

[14:07] {Threei}  it's like they really are practicing with those buttons

[14:07] {magoo} same yestrerday

[14:07] {Threei}  not even close

[14:07] {magoo} yes it was

[14:07] {Threei}  sigh

[14:07] {Threei}  ok, it was

[14:07] {nemo} Here we go

[14:08] {magoo} remember  now?

[14:08] {Threei}  remember what?

[14:08] {magoo} [14:07] {magoo} same yestrerday

[14:09] {Threei}  what happened yesterday?

[14:09] {Threei}  and who is magoo?

[14:09] {magoo} this

[14:09] {dino} chaos

[14:09] {Raven} volume today even lighter than yesterday ... nobody playing

[14:09] {nemo} maybe it's ragnaroc

[14:10] {larisa} volume is coming into market. Up from here or down ?

[14:10] {nemo} yeah, volume is light

[14:10] {magoo} [14:03] {magoo} its like there atre only 5 traders out there..and they are only buying RIMM

[14:10] {Threei}  yes larisa

[14:10] {larisa} lol

[14:10] {dino} up larisa, up

[14:11] {larisa} you know dino, 1/2 right  is good in this market :)

[14:12] {dino} it's the half wrong that's the problem

[14:12] {dino} 2:00 drop

[14:13] {dino} axys

[14:28] {Threei}  US SEN DODD: OBAMA ADMINISTRATION IS MULLING POSSIBILITY OF A SO-CALLED 'BAD BANK'

[14:28] {Threei}  FED CONFIRMS APPROVAL FOR FORECLOSURE MITIGATION PROCEDURES ON MORTGAGE ASSETS OWNED OR CONTROLLED BY THE FED

[14:28] {Threei}  {FNM FRE}

[14:34] {nemo} 'ally?

[14:34] {Threei}  not 'eally

[14:35] {nemo} such a wit

[14:35] {Threei}  so''y

[14:35] {magoo} 'odger 'abbet on tv

[14:35] {nemo} yeah...right

[14:35] {Threei}  it's not a directional trading right now, not range either

[14:36] {nemo} schizo

[14:36] {Threei}  it's chaotic up and down

[14:36] {cosmo} tlab tests 4.40

[14:36] {magoo} mkts wearing me down day after day..month after month

[14:36] {magoo} herky jerk

[14:36] {elepet} is anybody else getting a little seasick?

[14:37] {dino} bear markets don't end with a bang, they wear you out

[14:37] {cujo} ehhh

[14:40] {magoo} vad..its inVESTor...not inWESTor 

[14:41] {Threei}  I do elepet

[14:41] {Threei}  or I am

[14:41] {Threei}  mags... not in my vocabulary... no idea what it means

[14:41] {elepet} good grammer.

[14:42] {magoo} well..at least pronounce it correctly he he

[14:44] {dino} apol sm l .00

[14:50] {magoo} rimm prob 55 today

[14:50] {magoo} if IF mkt pushes up into bell

[14:51] {dino} 70 minutes for 130 pts

[14:52] {magoo} if IF dino correct ill be correct

[14:52] {magoo} if not..he is wrong

[14:53] {Threei}  US ECONOMIC STIMULUS BILL CLEARS PROCEDURAL VOTE IN THE HOUSE

[14:54] {magoo} GS strong

[14:54] {Threei}  RIMM is crawling toward high too

[14:55] {Threei}  it's just that we don't know when the next sudden wave of selling out of nowhere comes

[14:55] {Threei}  these sudden waves were the only theme today

[14:55] {Threei}  for the world of me, I can't read this

[14:56] {Threei}  other than for micriscalps

[14:59] {magoo} micriscalps

[14:59] {magoo} i know..like .07 cents is it

[15:00] {larisa} dino, thanks for APOL entry post, scalped it

[15:00] {Threei}  yeah

[15:00] {magoo} just when i decided to let winners win...

[15:00] {magoo} i used to scalp

[15:00] {magoo} now wads trying for a lil more'

[15:00] {Threei}  not today mags

[15:00] {magoo} nada

[15:00] {Threei}  things change on a dime

[15:00] {dino} gj larisa

[15:01] {hawkfan4} literally, every 10 cents stocks change directions

[15:02] {dino} i had .80 on apol, didn't hit it, now .40 only, fast

[15:02] {larisa} selling hit the market again

[15:03] {Threei}  told ya

[15:03] {larisa} you usually sell on spike with volume or have target in mind? 

[15:04] {dino} yes, but was at .90

[15:04] {dino} only hit .80

[15:04] {dino} last time went to .00

[15:04] {dino} laying out at .80

[15:05] {dino} c'mon

[15:05] {dino} pappa needs some new shoes

[15:05] {larisa} Gucci shoes :)

[15:06] {Threei}  manolo blanik?

[15:06] {cujo} farragamo

[15:06] {dino} lol

[15:06] {larisa} vad  not only a beauty, but into fashion, too

[15:07] {Threei}  me?

[15:07] {Threei}  beauty?

[15:07] {Threei}  larisa... you have serious taste issues...

[15:08] {larisa} I know, this is what makes me unique

[15:10] {dino} out apol .80, +.80

[15:10] {larisa} good job playing the range

[15:10] {dino} ty, lucky

[15:11] {dino} uaua waking up

[15:18] {Threei}  poor GERN

[15:20] {elepet} i haven't looked at it since i divorced it for good yesterday +.15 for the last bit.

[15:21] {elepet} it was fun while it lasted.

[15:21] {nemo} squeezed some alimony out of it

[15:21] {elepet} yeah.

[15:21] {nemo} hallway sex at the end

[15:21] {elepet} LOL

06[15:22] * Threei blushes, closes his eyes, pretends not hear anything

[15:23] {dptl} anybody know, what symbol to use in laser for indexes like $sox $xal....???

[15:23] {dino} huh

[15:24] {nemo} soxx maybe?

[15:25] {dino} i can't help you nemo, not in it

[15:26] {fernp} in realtick is ^SOX

[15:26] {fernp} dont know in laser

[15:26] {dptl} ye in esignal its $sox

[15:26] {magoo} need the proper data feed

[15:27] {magoo} ask laserdave

[15:27] {Threei}  laserdave says nobody wears soxx with sandlas

[15:27] {dino} you're pushing it little man, :)

[15:28] {Threei}  no soup for me?

[15:28] {magoo} last person who crossed magoo does 

[15:28] {dino} ok larisa, +100

[15:28] {nemo} In the nursing home..ah asylum I'm in they do

[15:29] {larisa} nemo, how old are you :) know so much about relationships and nursing homes :)

[15:31] {dino} 12

[15:31] {nemo} it's not the years necessarily, the miles

[15:32] {dino} some are born older

[15:32] {nemo} dino-I age like a dog.  How's it feel to have the same name as a pet dinosaur?

[15:35] {dino} not bad, kind of like the name. just busting on you nemo, you crack me up

[15:37] {dino} ok, 3:40 approaches

[15:38] {nemo}  my father's name is Dino Tristano

[15:38] {nemo} Dino "the sad one"  makes sense because he had me as a son

[15:38] {dino} remember the wwf wrestler

[15:38] {nemo} Nah...haven't watched that stuff since I was a kid

[15:39] {dino} thats when he was around. the 80s

[15:39] {nemo} I grew up before the 80's

[15:39] {nemo} chronologically that is

[15:39] {larisa} lol

[15:40] {nemo} I might even be older than Vad

[15:40] {nemo} thus the nursing home...er...asylum comment

[15:45] {nemo} Enough of watching paint dry gotta' go.  Peace & Quiet 'til mornin' all

[15:46] {Threei}  take care nemo

[15:46] {cujo} see ya

[15:46] {cujo} have a good one nemo

[15:46] {larisa} bye :) did not mean to ask impolite age questions

[15:47] {dino} cya nemo

[15:47] {dino} larisa, doesn't look like the 200

[15:48] {fernp} ok. good evening all, see you tomorrow

[15:48] {Threei}  take care fern

[15:48] {larisa} we will get it tomorrow dino, today is horrible day.

[15:49] {dino} cya fern

[15:52] {Threei}  OK guys, thank you all

[15:52] {cujo} have a good one. 

[15:53] {Threei}  "horrible" is overstatement, but a very wierd day

[15:53] {cujo} see you tomorrow. 

[15:53] {hawkfan4} thx vad, odd one for sure

[15:53] {dptl} gn all

[15:53] {Threei}  should get back to norm, whatever norm is,

[15:53] {Threei}  after Fed, and after all this back and forth is over with stimulus

[15:53] {Threei}  have a good evening, see you tomorrow

[15:54] {larisa} bye

[15:54] {magoo} gonna be a long tough year

[15:54] {dino} cya cujo, dp

[15:54] {Threei}  sheesh

[15:54] {Threei}  mags

[15:54] {Threei}  stop it

[15:55] {Threei}  it's going to be the best trading year since 2003

[15:55] {larisa} YHOO reports in couple min, are we interested ?

[15:55] {magoo} im watching

[15:55] {Threei}  I'll post

[15:56] {magoo} usually doesnt do much

[15:56] {Threei}  yesah

[15:56] {Threei}  not really a mover anymore

[15:56] {Threei}  nor shaker

[15:56] {magoo} pop abnd stall

[15:56] {magoo} or fall and stall imo

[15:56] {dino} yajunk more like it

[15:57] {Threei}  or drink and stall

[15:57] {magoo} im in

[15:57] {magoo} for drinkin that is

[15:57] {dino} lol

[15:57] {Threei}  (US) WHITE HOUSE SPOKESMAN: SAW GENERAL SENSE OF COOPERATION BETWEEN ADMINISTRATION AND CONGRESSIONAL REPUBLICANS; EXPECTS SUPPORT FOR STIMULUS PLAN

[15:58] {magoo} i wish obama would get caught in compromising "a la clinton" lol

[15:58] {dino} as in a cigar

[15:58] {magoo} yup

[15:58] {larisa} different type, never :)

[15:58] {magoo} he has a GOD complex

[15:58] {Threei}  eeck

[15:59] {Threei}  larisa... man is a man

[15:59] {dino} wolf is always at the door larisa

[15:59] {Threei}  there is only one different type of man

[15:59] {Threei}  it's a woman

[15:59] {larisa} my Obama is different

[15:59] {larisa} not like all of you

[15:59] {dino} then you must tempt him

[16:00] {dino} :)

[16:00] {Threei}  YHOO is spiking but nothing on wires

[16:00] {larisa} did we miss YHOO, it is moving

[16:00] {larisa} ok

[16:01] {Threei}  just impatient speculators I guesss, all the way down now

Jan 26 2009

The day started with 4 trades, 3 of which were nice wins (SLW, AUY, DRYS) and one small stop (GERN). The rest of the day was fuzzy and mirky, not much to read and trade. Nice profitable day but could quit after first hour just as well.

Session Time: Mon Jan 26 00:00:00 2009

[07:42] {cujo} Good morning

[07:47] {hawkfan4} gm cujo and the gang

[07:47] {cujo} hey hawk

[07:47] {cujo} how are ya

[07:48] {hawkfan4} not bad for a monday, u?

[07:48] {cujo} good

[07:48] {cujo} check out CAT this morning

[07:48] {hawkfan4} yes, lamenting my order to short it a t 32.75 that i chickened out of

[07:49] {cujo} ehh

[07:49] {cujo} wow

[07:49] {cujo} big print going of...

[07:50] {cujo} you think there might be a bounce in here?

[07:51] {hawkfan4} yes, but still pretty thin.  

[07:51] {cujo} yeah

[08:06] {Threei}  Good morning

[08:06] {cujo} Morning

[08:06] {hawkfan4} hey Vad

[08:06] {Threei}  cujo, hawk :)

[08:06] {cujo} ;)

[08:07] {Threei}  watching GERN for possible continuation

[08:07] {cujo} Some big moves in MCD and CAT this morning

[08:08] {Threei}  CAT earnings disappointment

[08:08] {cujo} y

[08:09] {Threei}  DRYS

[08:09] {Threei}  01/26/09 02:29am

[08:09] {Threei}  Shipping firms seek new economies of scale to survive historic declines in global trade levels - WSJ

[08:09] {Threei}  - Article notes that global trade has declined at rates not seen since WWII, experts see trend continuing through 2010

[08:09] {Threei}  - Shippers are seeking newer, larger vessels that carry up to 13.8K containers, seeking expanded economies of scale

[08:09] {Threei}  - Shippers will be able to sell space at cut rate prices to fill vessels, average rate for Europe-Asia route has recently fallen to as low as $300 per container

[08:09] {Threei}  - Drastic rate cuts and introduction of increasingly large vessels has placed pressure on smaller firms, with industry giants seeking to use period of macro-economic decline to squeeze out competitors

[08:17] {Onix} Good morning all

[08:17] {Threei}  onix :)

[08:17] {nemo}  Happy Monday...mmmmh...that's an oxymoron

[08:17] {Threei}  nemo :)

[08:17] {nemo} Vad :)

[08:18] {Threei}  FMCN

[08:18] {Threei}  HOLDER FOSUN INCREASES STAKE TO 21.3% FROM APPROX 17% PRIOR - FILING

[08:18] {Threei}  serious bidder on GERN

[08:18] {Threei}  absoerbed all the selling

[08:19] {Threei}  BALTIC DRY BULK INDEX UP 1.5%, FIFTH STRAIGHT INCREASE

[08:21] {Threei}  interesting test at 7.60 GERN

[08:22] {Threei}  it has a chance to turn from one day wonder into a momo runner... so, watching it to try and gauge if this is what's happening

[08:23] {Threei}  inhaled that offer

[08:23] {hawkfan4} watching like a hawk

[08:23] {Threei}  :)

[08:24] {Threei}  on a positive side... nice news, support for the field coming from new administration...

[08:24] {Threei}  on a negative - after all it's that same GERN that used phrases like "fountain of youth" in its 1990s self-hype

[08:25] {Threei}  and failed to hold any gains for many years

[08:25] {Threei}  CAT

[08:25] {Threei}  ENTERS INTO $2.25B REVOLVING CREDIT FACILITY WITH BANK OF TOKYO-MITSUBISHI UFJ, LTD - FILING

[08:35] {hawkfan4} vad, u still have a cat?

[08:36] {Threei}  it's my son's girflried's cat... we babysat it while they traveled over SE Asia, now the cat is a guest on frequent occasions

[08:36] {magoo} morning

[08:36] {Threei}  magoo :)

[08:37] {hawkfan4} ah, i'm trying to get used to trading with 2 kittens crawling all over me :)

[08:37] {patience} good monday morning RT  :)

[08:37] {Threei}  patience :)

[08:37] {Threei}  my biggest problem was, the space behind monitors is very lucrative place for a cat,

[08:38] {Threei}  and when she tried to stand on her legs, she runs a risk to turn the monitor over, lol

[08:38] {nemo} When I visit my ex the cat's decide to hop up and lay down on the keyboard.

[08:39] {Threei}  that's why I don't use keystrokes

[08:39] {hawkfan4} lol :) i keep a can of the compressed air handy, good for scaring them off if they got too wild

[08:39] {nemo} enough cats on keyboards you either go broke or get Shakespeare (maybe tolstoy in your case)

[08:41] {Threei}  at this point GERN looks to me like a possible play on squeezing premature shorts

[08:41] {cujo} CAT +.22

[08:42] {hawkfan4} nice cujo

[08:42] {cujo} thanks hawk

[08:45] {Threei}  SLW broke it's high from previous run in Dec

[08:45] {Threei}  if commodities strength continues, there is no real resistance for SLW up to 8

[08:52] {Threei}  one more very interesting chart in the same field: AUY

[08:52] {Threei}  see this C&H on daily?

[08:52] {cujo} y

[08:53] {Threei}  8 break launches it

[08:53] {hawkfan4} nice

[08:53] {cujo} to 11?

[08:54] {Threei}  chart wise, there is some minor resistance at 9, then clear to 11

[08:54] {Threei}  but this is commodities field

[08:54] {Threei}  requires continuous strength in PMs

[08:55] {nemo} wasn't slw significantly higher before when silver was at this level...or doesn't that matter?

[08:57] {elepet} good morning

[08:57] {Threei}  elepet :)

[08:58] {Threei}  I don't know nemo... I am not really a fundamental trader, and this is not a straightforward stock

[08:58] {cosmo} CAT comes back  ...the very next day?

[08:58] {hawkfan4} geesh, ROH

[08:58] {Threei}  requires a research much deeper than I am willing to do and capable of doing

[08:58] {hawkfan4} lol cosmo

[08:58] {elepet} auy one of my beat down "investments". noticed jump this morning. any explanation?

[08:59] {Threei}  commodities strength elepet

[09:01] {Threei}  ROH, Dow Chemical cancels the deal...

[09:01] {Threei}  was supposed to be at $78

[09:03] {Threei}  look at this news item and tell me, is it any wonder all these banks and brokerages are so beaten up:

[09:03] {Threei}  CITIGROUP ANALYST: CANADIAN DOLLAR COULD WEAKEN FOLLOWING ELECTION

[09:03] {Threei}  - Maintains short position in USD/CAD{EUR/CAD CAD

[09:04] {Threei}  first, what election? there is none on horizon

[09:04] {Threei}  second, if he thinks CAD could weaken, why does he maintain short in USD?

[09:04] {hawkfan4} he's perfectly hedged against possibly making any money

[09:05] {Threei}  rofl

[09:05] {nemo} maybe it was an accidental re-run of a story from before the US election.  Seen that happen before.

[09:10] {KSystems} good morning :)

[09:10] {Threei}  ks :)

[09:11] {dino} gm all

[09:11] {Threei}  dino :)

[09:11] {Threei}  ok you guys, mags, dino... do talk to KS when he and you have time to fix this mirc issue you are having

[09:12] {Threei}  must be tiring to type in all this stuff every morning

[09:13] {dino} understatment

[09:14] {Threei}  be back in 5

[09:19] {ese} good morning

[09:19] {Threei}  ese :)

[09:19] {Threei}  want to see some tight consolidation, then break in AUY and SLW

[09:19] {ese} hey vad

[09:19] {Threei}  want to see nice deep pullback in STT

[09:19] {Threei}  not sure what I want to see in GERN but I'll know when I see it

[09:20] {dptl} gm all

[09:20] {Threei}  dp :)

[09:22] {nemo} BAC and C moving up

[09:22] {fernp} Hello everybody

[09:22] {Threei}  yeah... these two, I don't have a firm read on

[09:22] {Threei}  fewrn :)

[09:25] {Threei}  let me do quick recap in #floor for late joiners

[09:28] {nemo} Did I freeze up again

[09:28] {Threei}  not that I see

[09:28] {nemo} oh, saw the quick recap thing and then nothing, thought I was toast

[09:28] {Threei}  recap itself was posted in #floor

[09:30] {nemo} ty

[09:31] {Threei} Long Setup:  AUY  8.08 if stays above 7.95

[09:32] {magoo} more than scalp?

[09:32] {Threei} Long Setup:  SLW  7.25 if stays above 7.15

[09:32] {Threei}  I think so mags

[09:33] {magoo} DRYS?

[09:33] {KSystems} in AUY .09

[09:34] {magoo} in both

[09:34] {magoo} in DRYS now .50

[09:34] {KSystems} in SLW .25 out half .35

[09:35] {Threei}  SLW 1:1, half out

[09:35] {Threei}  AUY 1:1 half out

[09:35] {KSystems} both half out @ 1:1

[09:35] {KSystems} AUY quart mkore out 1:2

[09:35] {Threei}  AUY is actually way above 1:1, lol

[09:36] {Threei}  GERN pullback into .60 is entry zone

[09:37] {Threei}  SPOT GOLD AT SESSION HIGHS AND APPROCHING ITS DOWNTREND LINE FROM MAR 2008 HIGHS

[09:37] {dino} itri

[09:37] {Threei}  GERN is asking what's pullback?

[09:37] {magoo} big Q spike

[09:38] {nemo} tck running also

[09:38] {Threei}  AUY, offer 1/4 more above .40

[09:39] {Threei}  OK GERN, better

[09:39] {Threei}  prepare entry half lot

[09:39] {dino} eqix 

[09:40] {dino} markup week, lets look for previous pattern

[09:40] {Threei}  if no more donticks GERN, let's try .81 with stop under .65

[09:41] {Threei}  if loses .65, want entry closer to .50

[09:41] {magoo} exit SLW?

[09:41] {Threei}  SLW, offer 1/4 above .40

[09:42] {Threei}  good boy SLW

[09:42] {KSystems} in GERN

[09:42] {magoo} out SLW .42 TY out AUY .34TY

[09:42] {dino} gj

[09:43] {magoo} in GERN 

[09:43] {Threei}  wtg mags

[09:43] {cujo} out .40 SLW 

[09:43] {cujo} thanks

[09:43] {Threei}  welcome

[09:43] {Threei}  market seems to be ready to pull back

[09:43] {magoo} waiting near 12 DRYS

[09:44] {Threei}  let's tighten GERN to under .70 if uncomfortable

[09:44] {Onix} ty Vad, made some $$ in both SLW & AUY 

[09:44] {Threei}  :)

[09:45] {Threei}  SLW looks stronger than AUY

[09:45] {Threei}  AUY stop to .14 for the balance

[09:46] {dino} out itri .25, major slip, +.65

[09:47] {Threei}  GERN lost support

[09:48] {Threei}  SLW stop to under .30 for the last portion

[09:49] {dino} watching mcd

[09:51] {ese} Long MRVL 6.89

[09:51] {ese} sm 300

[09:54] {Threei} Long Setup:  STT  20.11 half lot if stays above 19.95

[09:54] {magoo} news RIMM vad?

[09:54] {hawkfan4} yes mags, WSJ article about lackluster sales of new bberry

[09:55] {Threei}  01/25/09 08:19pm

[09:55] {Threei}  [RIMM] Research in Motion Ltd Clues into the demand for the new BlackBerry Storm are expected from Verizon's Q4 reports, particularly in light of some reported complaints from users about the product's technical bugs - WSJ

[09:55] {Threei}  - Despite a marketing campaign that cost more than $100M, the smart phone has gotten off to a bumpy start.

[09:55] {Threei}  - Some early buyers have complained about technical bugs with RIM''s first touch screen BlackBerry, although others say most new gadgets have problems that need to be ironed out.

[09:55] {magoo} ok TY hawk

[09:55] {ese} even better 6.8873.....

[09:56] {Threei}  AUY

[09:56] {Threei}  HSBC CUTS AUY TO UNDERWEIGHT FROM NEUTRAL

[09:56] {nemo} no worky STT?

[09:56] {cujo} nope

[09:56] {Threei}  it never triggered

[09:57] {Threei}  puts it in "invalidated" category rather than "no worky"

[09:57] {nemo} Lot of excitement out of the gate and now fade

[09:57] {Threei}  we grabbed our share of excitement

[09:57] {nemo} yep

[09:58] {Threei}  moved to cash, waiting to see what's next

[09:59] {Threei}  DEC EXISITNG HOME SALES: 4.74MM V 4.40ME (+6.5% M/M)

[09:59] {Threei}  wow

[09:59] {cujo} exciting morning

[10:00] {Threei}  been quite a while since home sales looked positive

[10:00] {Threei}  DEC LEADING INDICATORS: 0.3% V -0.2%E

[10:01] {nemo} hehe STT triggered

[10:01] {Threei}  STT... why did you have to invalidate the setup before triggering?

[10:01] {dino} all is well again

[10:01] {nemo} I said no worky...you said invalidate

[10:01] {Threei}  yup

[10:02] {Threei}  no worky means triggered and stopped nemo

[10:02] {dino} wmt sm l.20

[10:02] {Threei}  actual loss

[10:02] {Threei}  invalidated is simply no play

[10:02] {nemo} o.k.

[10:02] {nemo} Couldn't find "no worky" in dictionary

[10:02] {cujo} any read on HOV Vad?

[10:03] {Threei}  wrong dictionary... gotta look in Threeiish

[10:03] {Threei}  nah

[10:03] {nemo} anything like elvish?

[10:03] {Threei}  gotta hunt for pullback entries after such spike

[10:04] {Threei}  DRYS closer to .50

[10:04] {Threei}  STT closer to 20.10

[10:04] {Threei} Long Setup:  DRYS  .56

[10:05] {Threei}  stop will be defined by the low of this pullback

[10:05] {KSystems} in

[10:05] {Threei}  under .50 for scalpers

[10:05] {Threei}  under .45 for the sane traders

[10:06] {Threei}  under .40 for super-optimists

[10:07] {Threei}  if market resumes upward move and DRYS breaks .70, 12 shouldn't be a problem

[10:07] {ese} go Obama go....solar screen greener than the first day of spring!

[10:09] {dino} lol

[10:09] {Threei}  ok market... let's show the next leg

[10:09] {Threei}  and start day-long 'ally

[10:10] {magoo} straight up 550 points

[10:10] {dino} -3 f at bus stop today, spring can't get here fast enough

[10:10] {magoo} -4 in my bedroom

[10:11] {Threei}  if it's any consolation dino... Winnipeg is much colder

06[10:11] * Threei kicks DRYS in the rear with steel-toed heavy duty army boots

[10:11] {dino} it is not.........:)

[10:11] {Threei}  scalpers have theit 1:1 and more

[10:11] {magoo} nice kick

[10:12] {fernp} ty Vad

[10:12] {Threei}  welcome sir

[10:12] {cujo} out

[10:12] {cujo} thanks Vad

[10:12] {ese} added another 600 shs at .86 and scalped MRVL for .10 out . .88

[10:12] {Threei}  cujo :)

[10:12] {Threei}  sane traders: half out here DRYS

[10:12] {Threei}  stop to under .50

[10:13] {Threei}  let's see if it has legs to take us over 12

[10:14] {dino} gj es

[10:17] {Threei}  STT really left us in dust

[10:19] {Threei}  CNBC'S FABER: ROH TO FILE SUIT AGAINST DOW IN DELAWARE CHANCERY COURT WITHIN THE HOUR

[10:19] {Threei}  {DOW}

[10:19] {Threei}  DRYS stop can be trailed to under .55 now

[10:20] {Threei}  preserve us from lower high scenario and minimize stop to practically breakeven for the balance

[10:21] {Threei}  someone tell STT it's not really kosher to act like this

[10:22] {dino} hod's

[10:24] {Threei}  we already know violence works today... let's see if "nice" does too

06[10:24] * Threei sends DRYS a postcard with invitation to visit 12 and nice image of flowers

[10:24] {dino} cpla sm l .95 wide

[10:25] {nemo} tell STT what to do, and auy slw while you're at it

[10:26] {Threei}  new high DRYS

[10:26] {magoo} its working vad lol

[10:26] {Threei}  odd :)

[10:27] {nemo} so, you gonna' switch over from the dark side?

[10:27] {Threei}  even super-optimists have 1:2 on DRYS

[10:28] {Threei}  I doubt it nemo... I enjoy kicking things too much

[10:28] {dino} out t .10, +.40

[10:30] {Threei}  stop to under .60 on DRYS balance, no lose territory

[10:31] {Threei}  chart wise under .70 is valid too... it's just that knowing DRYS I like to give it a little more breathing room

[10:31] {Threei}  but if you cheris every cent of profit, trail it to to under .70

[10:31] {Threei}  cherish

[10:32] {larisa} GERN woke up

[10:32] {Threei}  yeah... grrr

[10:32] {hawkfan4} great calls vad, thx

[10:32] {dino} out wmt .60, +.40

[10:32] {Threei}  welcome hawk... I wish I got GERN right

[10:33] {Threei}  have this nagging feeling it prepares a big surprise but actual reading of the entry is not a small feat on it

[10:33] {Threei}  STT

[10:33] {Threei}  HEARING STRENGTH ATTRIBUTED TO TAKEOVER CHATTER

[10:34] {Threei}  LOL!

[10:34] {Threei}  IMF'S STRAUSS-KAHN: SURPRISED USD HAS NOT WEAKENED

[10:34] {Threei}  market prognosticators my a$$

[10:34] {Threei}  pardon my french

[10:34] {Threei}  these guys are beyond ridiculous when they start expressinbg their opinions on market

[10:35] {Threei}  GM

[10:35] {Threei}  TO ANNOUNCE ADDITIONAL PRODUCITON CUTS, MAY AFFECT APPROX 15 PLANTS IN US AND CANADA

[10:35] {Threei}  - Production cuts could cost 2K jobs

[10:36] {Threei}  pres speech... waiting it out other than nursing DRYS balance

[10:36] {ese} bstop APOL .32 sm

[10:37] {Threei}  we are 3 for 4, don't want to push during live speech on economy

[10:37] {ese} in .31   nice

[10:37] {ese} stop .00

[10:38] {nemo} aren't you 3 for 3 stt didn't trigger accoring to system

[10:38] {Threei}  4 calls, 3 worked, 1 stopped

[10:38] {nemo} oh.

[10:38] {Threei}  GERN stop

[10:38] {Threei}  DRYS, AUY, SLW worked

[10:38] {hawkfan4} nice heads up on MCD dino, took +.18 on it but unfortunately sold it about 1.30 ago

[10:38] {Threei}  ENER...

[10:39] {dino} gj, i was too stingy, never filled

[10:39] {Threei}  trying to break while prez speaks of energy independence

[10:39] {ese} Apol   stopped....88

[10:39] {Threei}  new standards for cars starting 2011

[10:40] {ese} ya win some...ya loose some....

[10:40] {Threei}  40% increase efficiency?

[10:40] {dino} need to switch to natural gas

[10:40] {nemo} 40% in two years...see ya" GM CHRYSLER AND FORD!!

[10:40] {dino} clne moves on his talk

[10:40] {Threei}  PRESIDENT OBAMA: CONGRESS SHOULD SET 35MPG STANDARD FOR CARS BY 2020

[10:41] {hawkfan4} GERN pulling back

[10:41] {magoo} way to kick the auto industry while its down imo

[10:41] {Threei}  - would be a 40% fuel efficiency increase.

[10:41] {Threei}  - says fuel efficient cars must be built in the US.

[10:41] {Threei}  hmm

[10:41] {Threei}  text says by 2020, I swear I heard 2011

[10:42] {nemo} DTs?

[10:42] {ese} long APOL .80

[10:42] {ese} pullback

[10:42] {Threei}  yeah mags, GM CEO likened this to making a cancer patient run marathon right after finishing chemo

[10:43] {ese} stop .50  apol

[10:44] {Threei}  see how tough GERN's read is

[10:44] {Threei}  chart wise, 8 was the entry point on pullback

[10:44] {Threei}  I kept away

[10:45] {Threei}  suspecting it will be much worse than that

[10:45] {Threei}  sure enough is stretched bands much further

[10:45] {Threei}  now, 7.80 is screaming buy

[10:45] {Threei}  but I am in doubt

[10:47] {ese} ahhhhhhhh...stopped apol .49  

[10:47] {Onix} :(

[10:47] {ese} god thing sm shs....thought it was gonna bounce

[10:48] {Threei}  I guess players hoped for stem cells research to be mentioned

[10:48] {Threei}  market quieted down

[10:48] {ese} are you looking at STEM vad

[10:49] {Threei}  with dusgust

[10:49] {Threei}  lol

[10:49] {Threei}  out of stem cell plays, none other than GERN looks legit to me

[10:50] {Threei}  STEM and ASTM - honestly I find it hard to believe they are still around

[10:50] {Threei}  have a look at GERN...

[10:50] {ese} ok

[10:50] {Threei}  BCON

[10:50] {Threei}  SIGNS AGREEMENT FOR FLYWHEEL TECHNOLOGY FOR GRID APPLICATIONS

[10:51] {Threei}  - executed an information sharing and performance evaluation agreement with the energy utility company National Grid.

[10:51] {Threei}  - Under the two-year agreement, the companies will share technical, performance and economic data associated with Beacons flywheel energy storage systems and their potential operational value to National Grids electricity transmission networks. Objectives of the agreement include National Grids evaluation of Beacons flywheel energy storage systems not only for fast-response frequency regulation, but also for wind-related ramp mitigation another potential large-scale grid stability application.

[10:52] {Threei}  glad I didn't bite GERN... looks very shaky to me

[10:52] {ese} indeed

[10:52] {ese} like this flywheel tech though

[10:55] {dino} reminds me of flies on a ribroast

[10:55] {ese} ?????

[10:55] {dino} :)

[10:55] {Threei}  lol

[10:58] {dino} apol blood

[10:59] {Threei}  ROH

[10:59] {Threei}  CONFIRMS FILED SUIT AGAINST DOW TO CLOSE THE MERGER AGREEMENT AT $78/SHR IN CASH

[10:59] {ese} bounce dino?? apol

[11:00] {dino} apol gap around 77.22

[11:00] {ese} ahhhh

[11:02] {dino} esi blood

[11:02] {ese} bstop ADP .01

[11:03] {dino} thinking yes, but where?

[11:03] {dino} at gap imo, if it gets there apol

[11:03] {ese} hmmmmmmm

[11:03] {dino} esi, soon

[11:04] {dino} esi filled and then som

[11:04] {dino} some

[11:04] {dino} 107.60s

[11:04] {dino} think, think think

[11:05] {ese} nice

[11:05] {ese} could bounce huge

[11:05] {ese} after 110

[11:07] {dino} points, imo

[11:10] {dino} you in es?

[11:15] {Threei}  activity just died

[11:15] {Threei}  wait-and-see mode

[11:16] {nemo} waitin' on Geithner tomorrow?

[11:17] {Threei}  who knows what market is waiting for... Me, I am waiting for the market

[11:18] {nemo} Just throwing it out there...nothin else to do...too early to start drinking, although Ksystems could :)

[11:18] {Threei}  fern too

[11:19] {KSystems} at 5??

[11:19] {nemo} sorry if I insulted magoos sensitivities :)

[11:19] {Threei}  I'd say, you are couple hours late

[11:19] {nemo} nah, malzeit

[11:21] {dino} almost noon here

[11:23] {fernp} 17:21 here. Going to the refrigerator to grab a beer :)

[11:24] {ese} hi dino had to step away from the computor....not in ....am still wating on ADP though

[11:25] {ese} ESI looking good now though

[11:28] {dino} fernp making me thirsty

[11:28] {ese} are you in ESI dino

[11:28] {dino} 110 es was the area, i chickened out wanted 109.50

[11:29] {dino} ugh!

[11:29] {ese} up a bill now almost....still pretty damn good

[11:30] {dino} gj

[11:30] {ese} not me ...you

[11:31] {ese} wheres lisa these days

[11:32] {Threei}  taking family-related break

[11:33] {larisa} is everything ok ?

[11:33] {larisa} oh, Lisa does..

[11:33] {dino} mcd pretty good pullback

[11:34] {Threei}  just can't get GERN's rythm

[11:37] {Threei}  shapes up as 8.10 break if stays above 8

[11:37] {hawkfan4} it has about as much rythm as i do on the dance floor

[11:37] {Threei}  lol

[11:37] {Threei}  I can relate

[11:38] {magoo} dont sell yourself short hawk lol

[11:38] {Threei}  let's consider it sa discretionary call, half lot

[11:38] {nemo} too much kickin' Vad?

[11:38] {Threei}  no such thing

[11:39] {ese} dino...esi is gonna shoot for the stars and your in man.....well done

[11:39] {Threei}  chews through big offers

[11:39] {ese} nice round bottom.......usually big up move ensues

[11:42] {KSystems} well... in .11

[11:43] {dino} not in es, wanted 109.50, did not fill

[11:44] {dino} chtt?

[11:45] {Threei}  07:34am [ACV] Reports Q1 $0.41 v $0.34e (ex items), R $352.8M v $350.3Me; Raises quarterly dividend to $0.075 from $0.065 prior

[11:45] {Threei}  related to CHTT

[11:45] {Threei}  not its own news

[11:46] {dino} ok

[11:47] {nemo} slw showing signs of life?

[11:47] {Threei}  not very much

[11:48] {dino} cat drops

[11:49] {KSystems} gern stopped

[11:57] {dino} cat sm l .45

[12:03] {magoo} vad..any read drys, sttor gern?

[12:05] {Threei}  I don't see any pattern at the moment

[12:05] {Threei}  market is doing nothing... why push it?

[12:06] {magoo} because i missed 3 of my own...so im down a lil

[12:07] {Threei}  missed as in didn't get, or lost on them?

[12:07] {magoo} lost on my own pics

[12:07] {cujo} drys selling off a bit here

[12:08] {Threei}  all the more reasons not to push, right?

[12:08] {magoo} true..obviously not  seeing it

[12:12] {cujo} Vad, MCD, any set up forming

[12:12] {Threei}  pullback into 58, will be worth a look...

[12:13] {dino} seeing the same cujo, just said it to magoo couple minutes ago

[12:13] {cujo} nice

[12:14] {nemo} I suppose this is bad but how's the MACD on MCD?

[12:14] {KSystems} there is your pullback :)

[12:15] {dino} dk dc

[12:18] {Threei}  watch for market strength for entry

[12:18] {Threei}  .85 is closest support for stop placement

[12:19] {cujo} in .07

[12:21] {magoo} in .12

[12:21] {Threei}  half out here

[12:21] {Threei}  or scalp

[12:22] {cujo} out +.20

[12:22] {cujo} thanks vad

[12:23] {Threei}  feel free to take profit in full here

[12:23] {Threei}  solid 50 cents move

[12:23] {Threei}  clean example of "let market come to you"

[12:24] {dino} gj cujo, magoo on mcd

[12:24] {Threei}  and you GERN... you really are irritating creature

[12:24] {magoo} yeah..gern stopped me

[12:25] {Threei}  took profit on MCD mags?

[12:25] {magoo} waiting 61..too high?

[12:26] {hawkfan4} lol

[12:26] {Threei}  frikin GERN is aiming for 9 with any market help

[12:27] {Threei}  broke yesterday's high

[12:29] {magoo} out .55 here TTY

[12:30] {Threei}  :)

[12:31] {magoo} to close to miss

[12:32] {Threei}  (US) OBAMA ADMINISTRATION ENVOY: FAVORING 'VIGOROUS DIPLOMACY' WITH IRAN

[12:33] {dptl} was it a double bottom on stt ?

[12:34] {Threei}  where?

[12:35] {dptl} bounced twice from .60 and then broke .75

[12:35] {dptl} 12:20 12:27

[12:36] {Threei}  not really clean formation... just moves uop and down with market

[12:36] {dptl} ok ty

[12:43] {tomg} intc vad?

[12:44] {Threei}  don't see anything compelling on it

[12:44] {tomg} ok ty

[12:47] {Threei}  EU'S JUNCKER: UNHAPPY WITH FOREX VOLATILITY

[12:47] {Threei}  Prozac?

06[12:53] * Threei slaps laserdave around a bit with a large chart of GERN

[13:01] {ese} outta here.....catch you all later....am long ADP swing trade 38.01...hit my bstop

[13:01] {Threei}  take care ese

[13:01] {ese} see ya vad

[13:01] {cujo} see ya ese

[13:01] {tomg} take care ese

[13:01] {ese} cujo...tom

[13:03] {dino}  cya es

[13:08] {dino} fast fall

[13:08] {dino} stopped cat -.35

[13:10] {cujo} double bottom on gern here?

[13:10] {Threei}  so far, yes

[13:10] {Threei}  but it will really depend on market whether it works or fails

[13:10] {cujo} understood. Thanks Vad

[13:10] {Threei}  GERN wants up badly...

[13:11] {Threei}  but to find an entry on it is daunting task

[13:14] {Threei}  EU'S JUNCKER: DO NOT SEE ANY RISK TO EMU COHESION

[13:14] {Threei}  no?

[13:33] {Threei}  amazing how little was available after first morning plays

[13:34] {KSystems} MCD back at 58

[13:34] {Threei}  not en entry here yet IMO

[13:35] {Threei}  unless market jumps up sharply

[13:36] {Threei}  feels to me, it's going to bust through 58

[13:45] {dino} markets in rinse mode

[13:45] {patience} it's monday

[14:02] {Threei}  selling accelerates

[14:02] {Threei}  some opportunities should be appearing soon

[14:02] {larisa} {yawn}

[14:04] {Threei}  DRYS .15 for a scalp if holding .10

[14:07] {Threei}  changing to from under 11

[14:08] {larisa} what does it mean ? needs to break 11 for scalp ?

[14:09] {Threei}  if loses 11, pauses, holds above .90 and re-crosses 11 with market bouncing

[14:10] {larisa} lol, need to learn threeish

[14:11] {dino} 3ism he prefers

[14:12] {larisa} lets not spoil him dino :)

[14:12] {Threei}  bruce says hello

[14:12] {dino} lol

[14:13] {dino} rimm, hmmmm

[14:15] {Threei}  WHITE HOUSE PRESS SEC: FED HAS 'FIRED' MOST OF ITS BULLETS ON POLICY

[14:15] {Threei}  that sounds inspiring

[14:16] {Threei}  not like we didn't know that

[14:16] {nemo} faz skf anybody :)

[14:17] {dino} now why must they always say things like that

[14:17] {Threei}  NEED FISCAL STIMULUS AT THE MOMENT

[14:20] {dino} sm l mcd .75

[14:24] {Threei}  DRYS is holding 11 well

[14:24] {Threei}  unless NQ makes new lows, should be a scalp off it

[14:25] {Threei}  USO went red

[14:25] {Threei}  who would have thought

[14:25] {Threei}  auy

[14:25] {Threei}  and SLW

[14:25] {Threei}  lost their support as well

[14:25] {Threei}  remember I said in the morning,

[14:26] {Threei}  no matter how nice their charts look,

[14:26] {Threei}  they need general commodities strength

[14:26] {Threei}  look at our exits on them

[14:27] {Threei}  those morning moves practically exhausted the potential for the day

[14:29] {larisa} both calls were great

[14:31] {Threei}  bands are tightening

[14:32] {Threei}  feels like another quick move down beofre eventual recovery

[14:32] {Threei}  WHITE HOUSE PRESS SEC: PRESIDENT OBAMA DOES NOT BELIEVE OIL AND ENERGY PRICES REMAIN AT CURRENT LOW LEVELS

[14:32] {Threei}  - Comments in response to questions regarding the President's alternative energy plans{USO OIH UNG TAN FAN}

[14:32] {Threei}  now president is a trader and price forecaster

[14:33] {KSystems} invite him!

[14:36] {magoo} he certainly is arogant

[14:37] {Threei}  USO responded by retesting the low

[14:37] {dino} easy to bet when it's not your money

[14:45] {hawkfan4} CAT .16, stop .09 1/2

[14:47] {Threei}  what an unlikely mover today... NURO

[14:47] {Threei}  haven't heard this symbol in ages

[14:48] {Threei}  2006 I think was its starry-eyed year

[14:49] {Threei}  remember it in $30s-40s

[14:51] {Threei}  (US) SENATOR LEVIN: URGES TREASURY TO LOOK INTO CITI'S PURCHASE OF A $50M CORPORATE JET

[14:54] {Threei}  didn't catch this market reversal

[14:55] {Threei}  somehow it didn't feel like that was it

[14:55] {Threei}  pace wasn't really changing

[14:55] {hawkfan4} out cat .49, +33

[14:55] {magoo} i took that sob {gern} long off 8

[14:55] {Threei}  wtg haw

[14:55] {Threei}  k

[14:55] {hawkfan4} thx ;)

[14:55] {Threei}  don't oversit mags

[14:56] {Threei}  I don't trust it at all

[14:56] {Threei}  it does literally whatever

[14:57] {magoo} ok

[14:57] {magoo} btw vad...its inVestor...not inWestor  

[14:58] {Threei}  not only I casn't spell it... I don't know the meaning of the word

[14:58] {Threei}  ummm... correction:

[14:58] {Threei}  not only I can't spell. Period

[14:59] {dino} gj hawk

[14:59] {magoo} out .18 

[14:59] {Threei}  but fortunately it's not really needed

[14:59] {Threei}  lookie here:

[14:59] {cujo} nice one hawk

[14:59] {Threei}  i cdnuolt blveiee taht I cluod aulaclty uesdnatnrd waht I was rdanieg. The phaonmneal pweor of the hmuan mnid, aoccdrnig to a rscheearch at Cmabrigde Uinervtisy, it dseno't mtaetr in waht oerdr the ltteres in a wrod are, the olny iproamtnt tihng is taht the frs it and lsat ltteer be in the rghit pclae.

[15:00] {hawkfan4} thx 

[15:00] {Threei}  The rset can be a taotl mses and you can sitll raed it whotuit a pboerlm. Tihs is bcuseae the huamn mnid deos not raed ervey lteter by istlef, but the wrod as a wlohe. Azanmig huh? yaeh and I awlyas tghuhot slpeling was ipmorantt!

[15:01] {hawkfan4} lol

[15:01] {dino} hawk, i owe you one on cat

[15:01] {Threei}  hmmm

[15:01] {Threei}  market spike... neither DRYS or GERN follow

[15:02] {larisa} really azanmig..

[15:02] {Threei}  lol

[15:02] {hawkfan4} nice dino :) no worries, you've paid in advance with your calls

[15:02] {dino} :)

[15:03] {Threei}  beautiful exit on GERN mags

[15:03] {Threei}  1 cent under the high

[15:06] {magoo} lucky

[15:27] {magoo} i here?

[15:27] {larisa} nope

[15:27] {Threei}  you here

[15:27] {Threei}  I not

[15:27] {dino} out mcd .35, +.60

[15:27] {cujo} nice trade dino

[15:28] {Threei}  wtg dino

[15:28] {hawkfan4} nice

[15:28] {dptl} gn all

[15:28] {dino} out cat .85, +.75, thankkkkk youuuuuuuuu hawk

[15:28] {hawkfan4} lol, np

[15:29] {dino} ty guys

[15:29] {Threei}  STT

[15:29] {Threei}  .46 long half lot if you want a try for a scalp, with stop under .35

[15:30] {KSystems} in

[15:31] {Threei}  market should bounce from here

[15:31] {Threei}  and take STT with it

[15:33] {Threei}  1:1 is coming

[15:33] {Threei}  decide for yourself to scalp or partial guys... truly no idea here, lol

[15:34] {Threei}  ever since first hour I couldn't get a feeling for the market today

[15:34] {cujo} thanks Vad

[15:34] {cujo} small scalp on that STT

[15:35] {Threei}  stop to under .40 who is holding

[15:35] {KSystems} that would be me

[15:35] {Threei}  okay

[15:36] {Threei}  risk is very small here

[15:36] {Threei}  so why not

[15:36] {KSystems} I am offering at .57

[15:37] {Threei}  here comes market bounce

[15:38] {Threei}  here follows STT

[15:38] {KSystems} out +.11

[15:38] {KSystems} thank you Big V!

[15:38] {jmb} thanks vad

[15:38] {Threei}  I hope that wasn't nice way to call me fatty

[15:38] {Threei}  welcome though :)

[15:38] {KSystems} :)

[15:39] {Threei}  wow

[15:39] {Threei}  what a timely exit

[15:39] {KSystems} lucky

[15:39] {Threei}  something pulled market hard

[15:39] {larisa} how is weather in Germany, KS ? hurricane affected you ?

[15:39] {Threei}  STT is still okay, but why get stuck in what was designated as a scalp from the beginning

[15:39] {KSystems} hurricane?

[15:40] {KSystems} what hurricane?

06[15:40] * KSystems looks out of the window

[15:40] {Threei}  hey.... what jkust happened?

[15:40] {KSystems} see, I dont have TV so I dont really know, sorry larisa

[15:40] {larisa} lol

[15:40] {KSystems} its rather cold though

[15:40] {Threei}  this looks like news-related

[15:40] {dino} ah, sorry, tripped over extension cord

[15:40] {Threei}  ahhh

[15:40] {KSystems} hardest winter in ages, larisa

[15:40] {Threei}  that's global warming KS

06[15:41] * larisa slaps Threei around a bit with a large trout

[15:41] {Threei}  prepare for more warmth

[15:41] {KSystems} happens when CEOs use their private jets too much

[15:41] {KSystems} i know

[15:41] {KSystems} also known as butterfly effect with CEOs

[15:41] {KSystems} CEO in Japan uses privjet, = winter in GER

06[15:42] * Threei wipes fish slim off his face and signs favorite song of his childhood "ain't scared of al gore"

[15:42] {Threei}  oh wait... that was "gray wolf"...

[15:42] {dino} the resorts?

[15:43] {dino} or the enery company?

[15:44] {dino} smts

[15:45] {Threei}  wow

[15:45] {Threei}  nasty close

[15:45] {larisa} complete reversal of friday it feels like

[15:45] {Threei}  market remains green

[15:46] {larisa} 15 more min

[15:46] {dino} rinse market, back to scalps

[15:50] {Threei}  yup

[15:50] {Threei}  and no rhythm whatsoever

[15:50] {Threei}  chaotic up and down

[15:51] {Threei}  GERN finishes up a buck

[15:52] {Threei}  probably a gapper again tomorrow morning

[15:53] {dino} wow i really screwed up missing esi

[15:55] {Threei}  MERRILL LYNCH GLOBAL WEALTH MGMT TO LAY OFF 'ROOKIE' BROKERS

[15:59] {dino} i gues they are not bullish on america

[15:59] {dino} guess

[15:59] {Threei}  ok guys, thank you all

[16:00] {cujo} thanks Vad. 

[16:00] {Threei}  have a great evening

[16:00] {cujo} See you tomorrow. 

[16:00] {nemo} nite

[16:00] {Threei}  see you all tomorrow

[16:00] {KSystems} thank you Vad

[16:00] {KSystems} have a great evening

[16:00] {larisa} bye :)

[16:00] {KSystems} thank you all, too, and seeya again tomorrow!

[16:00] {dino} thx all, out of here

[16:01] {hawkfan4} thx all, enjoy

Jan 23 2009

Very strong finish of a nice week. Gap down in the morning was a gift. Some of usual suspects (DRYS, STT) plus GERN made a day. Had a chance for some educational chat with real time illustrations as well.

Session Time: Fri Jan 23 00:00:00 2009

[07:44] {cujo} good morning

[07:46] {elepet} someone else awake! Where do you live and what time is it there?

[07:50] {cujo} New York

[07:50] {cujo} 7:50 AM

[07:50] {cujo} where are you at?

[07:51] {elepet} it's just about 5 here in northern california.

[07:51] {cujo} no Cal... San Fran?

[07:51] {elepet} petaluma...north of there.

[07:52] {cujo} ahhh, in the Emerald Triangle?  Did you see the special on CNBC last night?

[07:53] {elepet} nope. what was it?

[07:53] {cujo} oh, i think you are south of it anyhow

[07:53] {elepet} where?

[07:53] {cujo} it was called "Marajuana Inc"

[07:53] {elepet} not far i believe.

[07:53] {cujo} special about all the legal medicinal weed being grown in northern cal 

[07:54] {cujo} mendocino i think was the center of it?  or at least a big part of the whole thing..

[07:55] {elepet} that's about 2 hours north of me.

[07:55] {cujo} got ya. 

[07:55] {cujo} must be nice to get done trading and have the whold day left to yourself

[07:56] {elepet} did you happen to notice GERN this morning pre market?

[07:57] {cujo} looking now

[07:58] {cujo} wow

[07:58] {elepet} i held overnight.

[07:58] {cujo} get out of here?  REally?  Nice trade man

[07:59] {elepet} haven't sold yet. i have trouble selling.

[07:59] {cujo} I always sell too early :)

[07:59] {cujo} at least right now.  Trying to get over it. 

[08:00] {elepet} it's a bit of a crapshoot. I held DRYS. about same loss,

[08:00] {cujo} Higher on news?

[08:01] {elepet} big news. i forget what it is, but it 's big.

[08:01] {elepet} when i woke up, it was at 7.20 and i thought i was still asleep.

[08:02] {cujo} ha ha... It was all just a dream

[08:04] {elepet} and drys was at 9.00. a nightmare this time, but it seems to be moving up a bit.

[08:06] {elepet} why does magoo keep getting kicked off?

[08:07] {magoo} morning

[08:08] {elepet} hey...another early riser. why do you keep getting kicked?

[08:09] {cujo} morning magoo

[08:09] {magoo} u know..i spent 3 days to finally get into mirc

[08:09] {cujo} fun times

[08:09] {elepet} traders taking profit on GERN pre market. wonder if i should.

[08:09] {magoo} but something isnt quite setup correctly

[08:09] {cujo} 24% not too shabby el

[08:09] {magoo} it doesnt save and open instantly

[08:10] {cujo} room settings or wondow size?

[08:10] {cujo} brb

[08:10] {magoo} i need KS i guess...

[08:10] {nemo} mornin'

[08:10] {magoo} but was tired  of messing with it

[08:10] {nemo} mornin'

[08:11] {nemo} mags, am I registering?

[08:11] {magoo} EL..imo..take profit into green spike...can always reload it on a pullbk

[08:12] {magoo} morning ES

[08:12] {elepet} what is a green spike?

[08:13] {cujo} profitable spike

[08:13] {cujo} if you are long 

[08:13] {magoo} u have minute charts up correct?

[08:14] {magoo} a candlestick bar

[08:14] {elepet} no.

[08:14] {magoo} huh? no charts?

[08:14] {hawkfan4} morning 

[08:15] {cujo} need hte charts

[08:15] {patience} good friday morning  :)

[08:15] {cujo} morning HAwk

[08:15] {magoo} el..u must have charts??

[08:15] {magoo} BIRD:)

[08:15] {cujo} see any trades in GS in the future?

[08:16] {magoo} beauty on GS hawk

[08:16] {cujo} I gotta have me some cowbell, cowbell = charts

[08:16] {nemo} mornin'

[08:16] {hawkfan4} i'm sure i will, i like that stock. mags you actually reminded me to keep a close eye on it

[08:17] {elepet} I thought i was leaving for mexico and cancelled  my data feed with charts. now just watching lvel 2 on broker site. Gern has gone up .25 as we've been speaking.

[08:17] {magoo} actually..i trade it most days too...its a good market indicator also

[08:17] {magoo} markets cant go up without GS 

[08:18] {magoo} see, imo..u got 5 green bars in row gern

[08:18] {magoo} a red is coming

[08:18] {elepet} and keeps going up. guess i'll wait till market opens and see what happens.

[08:19] {elepet} i can visualize it from level 2

[08:19] {hawkfan4} there's the red

[08:19] {magoo} [08:18] {magoo} a red is coming

[08:19] {elepet} and there it is.

[08:19] {magoo} see u could exit..then reenter

[08:19] {magoo} make it twice

[08:19] {magoo} over n over

[08:20] {magoo} without risking a stop out neg

[08:20] {magoo} no guarentees in this mkt

[08:20] {magoo} people may take profit and not come back

[08:20] {magoo} need COFEE

[08:20] {hawkfan4} me 2

[08:21] {elepet} o.k. i get it. there will no douht be another green spike when market opens. new people will read the news. I think. i had coffee an hour ago. woke up at 3:00 am

[08:21] {magoo} youve lost 60 cents

[08:22] {magoo} 6.90 to 6.33

[08:23] {magoo} please..do not be offended..just a different way to manage the trade

[08:23] {elepet} think there will be another 8.90 or so?

[08:24] {elepet} should i put in a limit order at that price? seems to be moving up again.

[08:25] {Threei}  Good morning

[08:25] {larisa} morning :)

[08:25] {magoo} 8.90??

[08:25] {Threei}  larisa :)

[08:25] {magoo} morn boss

[08:25] {Threei}  magoo :)

[08:25] {cujo} morning Vad

[08:25] {elepet} hi there vad.

[08:25] {Threei}  cujo :)

[08:26] {Threei}  BALTIC DRY BULK INDEX + 3,7%

[08:38] {magoo} end of world today i guess...sigh

[08:38] {cujo} yeah sounds like it. 

[08:38] {hawkfan4} .

[08:40] {magoo} man..i keep duct taping my house..then world doesnt end...tear it off...then end comes again like today and i gotta redue all that work

[08:44] {i2romantis} morning everyone

[08:44] {cujo} morning i2

[08:44] {i2romantis} not sure what I missed in the last two days, but seems that markets are taking a big dive

[08:44] {i2romantis} hi cujo

[08:45] {Threei}  i2r :)

[08:45] {i2romantis} 3i:)

[08:46] {i2romantis} we are supposed to keep the recession away from our doors, what is this :)

[08:46] {nemo} Vad...what watchin' this mornin'?

[08:47] {Onix} Good morning all

[08:47] {Threei}  don't have candidates so far except usual suspects

[08:47] {Threei}  onix :)

[08:48] {nemo} How about GOOG :)

[08:48] {Threei}  not in cards :)

[08:48] {nemo} Heard that one before...

[08:49] {nemo} whoa...those futures???

[08:52] {Threei}  GERN is morning hero

[08:52] {Threei}  nice beating DRYS

[08:52] {cujo} el held GERN overnight!

[08:53] {elepet} and still have it.

[08:53] {hawkfan4} nice

[08:54] {Threei}  I took 2K at .20

[08:54] {Threei}  dumped one

[08:54] {cujo} nice trade 3i

[08:54] {Threei}  will see if I can't get over 7

[08:55] {Threei}  (EU) EU'S BUTI: ECONOMIC CRISIS IN EU 'NOT A BLIP' BUT RATHER STRUCTURAL; NOTES RECOVERY WILL TAKE A WHILE

[08:55] {Threei}  - Sees potential for fiscal crisis in EU

[08:55] {Threei}  - Notes US, Europe economies are not in 'V-shaped' recovery

[09:00] {Threei}  GERN all the way back

[09:05] {elepet}  just sold slw +.20 but waiting till market opens to sell GERN. in at 5.21. doesn't make sense does it?

[09:05] {cujo} eh, mkt looks ugly

[09:05] {cujo} at least in the open

[09:06] {patience} gold stocks doing ok, gold is up overnight

[09:06] {elepet} investor mentality. don't know if i'll make it to trader.

[09:08] {Threei}  gotta learn to take profits

[09:08] {nemo} who? you vad?

[09:09] {Threei}  ?

[09:09] {Threei}  talking to elepet

[09:09] {dino} gm all

[09:09] {nemo} nevermind...

[09:09] {Threei}  dino :)

[09:09] {dino} end    of    days    (again)

[09:09] {cosmo} friday?

[09:10] {elepet} sometimes i do. then stock goes up after i sell.  sometimes i don't and it goes down. bizarre.

[09:10] {cujo} will always happen, unless stocks stop moving ;)

[09:10] {dino} feels like last friday

[09:10] {Threei}  really... you want to be right everey single time?

[09:10] {hawkfan4} EOD part XXIIVI

[09:10] {cujo} Is that in the BVO Vad?

[09:11] {Threei}  what is?

[09:11] {cujo} The "right every time package"?

[09:11] {Threei}  no... that's platinum membership

[09:11] {cujo} he he

[09:11] {Threei}  secret room

[09:11] {cujo} nice

[09:11] {dino} ndx gaps 1136, and 1085; s&p 800

[09:11] {Threei}  unfortunately I lost keys

[09:12] {cujo} :(

[09:12] {nemo} get lapdances in there?

[09:12] {cujo} KS, you got the keys?

[09:12] {cujo} forgothe is away

[09:12] {dino} did someone say "lapdances"

[09:12] {nemo} no...wrote it

[09:12] {dino} lol

[09:19] {Threei}  dumped second K on GERN

[09:19] {Threei}  what the heck, I am starting the day with 2.5K profit

[09:19] {Threei}  why mess with it

[09:19] {Threei}  and that's after that yesterday's %500 gift from GOOG

[09:19] {cujo} nice room to move.  That including the GOOG from yesterday?

[09:19] {Threei}  no

[09:19] {Threei}  yesterday is yesterday

[09:20] {Threei}  who wants to laugh at my expense, feel free:

[09:20] {Threei}  when I woke up and looked at GERN,

[09:20] {Threei}  I didn't realize at once there was a handle change

[09:20] {Threei}  thought I got 40-50 cents gap

[09:20] {Threei}  when sold, couldn't understand where the much bigger profit came from

[09:20] {dptl} gm all

[09:21] {Threei}  then saw it was 6, not 5 anymore, LOL

[09:21] {Threei}  dp :)

[09:21] {hawkfan4} lol, nice surprise

[09:21] {cujo} those are the nice trading mistakes ;)

[09:21] {patience} spending money for the bahamas  :)

[09:21] {cujo} or oversights i should say

[09:23] {dino} when you get lucky bokk it, livermoore

[09:23] {Threei}  oh yeah

[09:23] {Threei}  that's a gift

[09:23] {ese} good morning

[09:23] {Threei}  horse... teeth..

[09:24] {Threei}  ese :)

[09:24] {wishbone} good morning

[09:24] {Threei}  wish :)

[09:24] {Threei}  DRYS nice price, and dry index is up again...

[09:24] {Threei}  will be a player at some point, just very risky

[09:25] {hawkfan4} a quick trip under 9 would be nice

[09:30] {dino} so would a quick golf trip

[09:30] {Threei}  lol

[09:30] {hawkfan4} lol, would be even better

[09:30] {Threei}  here is 9

[09:31] {dino} john thain spends $1 million re-decoirating his office, then gets canned

[09:31] {dino} 22k on drapes

[09:31] {Threei}  tough

[09:32] {Threei}  DRYS formed the setup... 9.20 break if holding 9

[09:32] {nemo} Thain was a buddy of mine's roommate at MIT

[09:32] {Threei}  scary one

[09:32] {Threei}  at your discretion guys

[09:32] {Threei}  risk is not to be underestimated

[09:32] {Threei}  if go for it, keep your size reasonable

[09:33] {magoo} in

[09:33] {Threei}  who would have doubt

[09:33] {Threei}  magoo and risk

[09:34] {Threei}  twins

[09:34] {nemo} he's the evil one

[09:34] {Threei}  almost hit 1:1

[09:34] {Threei}  then market hiccup pulled it back

[09:34] {cujo} Thanks Vad.  +.12

[09:35] {magoo} yeah was wait .45 hity .38

[09:35] {Threei}  welcome to gamblers list cujo

[09:35] {cujo} thanx

[09:35] {Threei}  it it can hold 9 during this market dump

[09:36] {Threei}  I'd say it has much more in it on market bounce

[09:36] {Threei}  try to partial mags

[09:36] {Threei}  if it jumps again I mean

[09:36] {dino} watching mcd, wmt, & aapl for gap

[09:36] {Threei}  with any market strength I won't be surprized to see 10

[09:37] {Threei}  wow GERN

[09:38] {cujo} Vad, STT?

[09:38] {Threei}  need one more steep leg down

[09:38] {Threei}  18.50 at least

[09:38] {cujo} got it.  thanks

[09:39] {Threei}  volatile stock as it is, and we have very volatile opening

[09:39] {Threei}  so I am double-careful on it

[09:40] {Threei}  half out DRYS mags?

[09:40] {Threei}  jumped over .40 for 1:1

[09:40] {magoo} not yet

[09:40] {magoo} waiting .87

[09:40] {Threei}  aren't you a greedy one

[09:40] {magoo} i like the way its acting

[09:40] {Threei}  profits are to be cherished

[09:40] {Threei}  protected

[09:41] {Threei}  give it a room if you like it, but protect part

[09:41] {magoo} indeed

[09:41] {nemo} that's what I thought about women

[09:41] {Threei}  sigh

[09:41] {magoo} i lwas telling EL this morn

[09:43] {dino} mcd sm l .40

[09:43] {Threei}  I am out half .47

[09:43] {magoo} SSTSTT

[09:43] {magoo} STt

[09:43] {magoo} sigh

[09:43] {magoo} STT

[09:44] {Threei}  jumped from exactly 18.50

[09:44] {Threei}  well... 18.46

[09:46] {Threei}  from under 18 this time

[09:46] {magoo} u make call

[09:46] {magoo} UGLY

[09:46] {Threei}  market sharp red bar

[09:47] {Threei}  but overall STT is ready

[09:47] {Threei}  one more setback, shallow one this time,

[09:47] {Threei}  then break of 18

[09:47] {Threei}  ideal scenario

[09:48] {Threei} Long Setup:  STT  half lot 18 break if stays above 17.80

[09:48] {magoo} in

[09:48] {Threei}  keep your stop as if your life depended on it

[09:48] {Threei}  this one is not to toy with

[09:49] {Threei}  if fails you can find yourself being a dollar or two down in no time

[09:50] {Threei}  stop on DRYS is trailed for the balance, right?

[09:50] {magoo} yup

[09:50] {Threei}  good

[09:50] {magoo} waiting .87 drys

[09:51] {magoo} .63 stt

[09:51] {hawkfan4} waiting .86

[09:51] {Threei}  lol

[09:51] {hawkfan4} kidding

[09:51] {Threei}  OK STT... it's time

[09:51] {dptl} waiting 19

[09:51] {Threei}  move you lazy butt

[09:51] {Threei}  over 1:1

[09:51] {Threei}  half out .23

[09:52] {Threei}  scalpers are scalpers, they took their profit and laugh at us

[09:52] {Threei}  umm... now we laugh at them

[09:52] {Threei}  I am out in full

[09:52] {Threei}  1:2

[09:52] {cujo} out .25

[09:53] {tomg} thanks vad stt

[09:53] {dptl} half .40

[09:53] {Threei}  .25?

[09:53] {Threei}  oh, sorry, confusing my stocks

[09:53] {Threei}  welcome guys

[09:53] {cujo} no worries

[09:53] {cujo} great call

[09:53] {Threei}  morning panic proves to be quite profitable event for us

[09:53] {magoo} out STT .69 TY 

[09:53] {magoo} +.69

[09:54] {hawkfan4} 1/2 out .63

[09:54] {Threei}  OK, I need to mark this day in calendar... I made magoo happy

[09:54] {magoo} yesterday u did{remember all compliments+beauty}

[09:54] {nemo} it's early yet...

[09:54] {Threei}  I thought you were just hitting on me

[09:55] {dino} lol

[09:55] {dptl} out 19 +1.00 ty

[09:55] {dino} tough task you have vad

[09:55] {Threei}  sheesh dp

[09:55] {magoo} nah..i like women

[09:55] {dino} wow dp

[09:55] {Threei}  I so do dino...

[09:55] {hawkfan4} out .98 rest, beauty(call)

[09:55] {dino} gj

[09:55] {dptl} [06:51] {&Threei}  OK STT... it's time

[09:55] {dptl} [06:51] {dptl} waiting 19

06[09:55] * Threei slaps dptl around a bit with a large reminder to be humble and not to take all the money there is in the market

[09:55] {magoo} kickin DRYS

06[09:56] * Threei slaps hawkfan4 around a bit with a large the same reminder

[09:56] {larisa} CNBC hype CSIQ

[09:56] {Threei}  huge jump

[09:57] {dino} don't listen to him guys, make hay when the sun shines

[09:57] {Threei}  very true

[09:58] {Threei}  don't listen to me, just let me know when you all don't anymore

[09:58] {Threei}  so I retire :)

[09:58] {Threei}  DRYS, needs to break .60

[09:58] {hawkfan4} 1/2 out drys .51

[09:58] {Threei}  that will take us into 1:2 territory

[09:59] {Threei}  and clear path for more

[09:59] {magoo} STT reload area?

[09:59] {Threei}  so make up your mind, to take it off or let it trade and try for something closer to 10

[09:59] {Threei}  on clear bottoming signal mags, yes

[09:59] {Threei}  like recross .50

[09:59] {Threei}  after little consolidation

[10:00] {Threei}  so far suppoert is .30

[10:00] {magoo} missed that

[10:00] {Threei}  1:1 in a hurry

[10:00] {Threei}  no chasing

[10:01] {Threei}  let it come to you

[10:01] {Threei}  we made a nice profits yesterday by fdoing just that,

[10:01] {Threei}  same thing with today's morning trades

[10:01] {Threei}  you buy breakouts in a bull market

[10:01] {Threei}  in what we have now you wait for the market to come to you

[10:02] {Threei}  good boy DRYS... now go

[10:03] {Threei}  PRESIDENT OBAMA AFFIRMS TARGET FOR ECONOMIC STIMULUS IN LATE FEBRUARY, STIMULUS IS 'ONE LEG OF THREE LEGGED STOOL'

[10:03] {Threei}  - Notes another leg of stool is 'waste and accountability'

[10:03] {Threei}  and third leg?

[10:03] {nemo} sawed off

[10:08] {magoo} he he nemo

[10:09] {nemo} or, do they turn it upside down for you...

[10:10] {hawkfan4} out drys .56

[10:11] {Threei}  just tired of it hawk?

[10:11] {Threei}  'cause exit is kind of

[10:11] {Threei}  not here not there :)

[10:11] {Threei}  I mean, if you trail stop, it shpould be under .40 now

[10:11] {hawkfan4} yeah, thing gets me too many times, wanted to lock it in

[10:11] {Threei}  if you wanted to take 1:2, spike over .60 was the time to do it

[10:12] {Threei}  OK

[10:12] {hawkfan4} yep

[10:12] {Threei}  that's valid reason too

[10:13] {hawkfan4} +2800 in 40 minutes, wanted to step back and regroup, sold everything

06[10:13] * Threei slaps hawkfan4 around a bit with a large roll of cash

[10:13] {nemo} not a bad morning so far...

[10:13] {Threei}  what are you talking about nemo... hawk is horribly underperforming this morning

06[10:14] * Threei is hiding under rock

[10:14] {nemo} Well hit him with something else then...such performance can't go unpunished

[10:14] {hawkfan4} :) lol

[10:14] {Threei}  grrr

[10:14] {Threei}  GERN over 7

[10:14] {Threei}  when will I learn to hold

[10:15] {nemo} when you want to start taking more losses?

[10:15] {Threei}  lol

[10:15] {nemo} so...does that mean you have to punish yourself?

[10:17] {Threei}  I am not going there

[10:17] {nemo} self flagellation is in order

[10:17] {Threei}  this line of discussions too often turns umm... non-family-friendly

[10:18] {nemo} I'll send you a cat-o-nine-tails and a salice

[10:19] {magoo} risky..like RIMM over 52

[10:19] {magoo} as in to go over

[10:19] {magoo} in .55

[10:20] {cujo} MSFT short .44

[10:23] {magoo} out 04 TY vad

[10:23] {magoo} +.60

[10:23] {Threei}  on what?

[10:24] {magoo} or .59

[10:24] {magoo} RIMM

[10:24] {Threei}  hmmm

[10:24] {magoo} [10:19] {magoo} risky..like RIMM over 52

[10:24] {magoo} [10:19] {magoo} as in to go over

[10:24] {magoo} [10:19] {magoo} in .55

[10:24] {Threei}  why thank me... I haven't called it

[10:24] {magoo} auto ty button

[10:24] {Threei}  lol

[10:25] {nemo} must be nice twin today

[10:25] {Threei}  elepet... you booked your GERN yet?

06[10:26] * magoo slaps nemo around a bit with a large book on how un nice i can be

[10:26] {Threei}  STEM... never though this dog had any bark left

[10:26] {nemo} you mean leaflet?

[10:26] {nemo} I'm really at a disadvantage here

06[10:27] * magoo slaps nemo around a bit with a large grinn knowing nemo has no ways -n- means of retaliation

[10:27] {Threei}  that book is like Marx's Capital nemo... 4 rather thick volumes

[10:27] {nemo} Yeah, every page says, "All work and no beer makes mags a dull boy!"

[10:27] {magoo} any interest in STT vad

[10:28] {magoo} dont have to worry avbout that nimo

[10:28] {Threei}  well, .50 break is obvious setup... I just would like tighter consolidation so we could have smaller stop

[10:30] {magoo} vad..its inVestor,..not inWestror he he 

[10:31] {Threei}  hmm?

[10:31] {nemo} hit 'em!

[10:33] {cujo} out +.10 MSFT

[10:33] {larisa} for russian ear there is no real difference between french, asian and woman's {investor} :) 

[10:34] {Threei}  what are you all talking about?

[10:34] {nemo} larisa must have been having a "private" conversation...I'm interested, though.

[10:35] {larisa} you need watch TV more :) funny advertisement

[10:35] {Threei}  I am lost starting with

[10:35] {Threei}  [10:30] {magoo} vad..its inVestor,..not inWestror he he

[10:35] {tomg} thanks, vad, was a good week. see yall monday

[10:35] {dino}  it is a good commercial

[10:35] {nemo} Too much TV rotted my brain

[10:35] {Threei}  take care tom, congratulations and have a great weekend

[10:35] {cujo} see ya tom

[10:37] {dptl} .

[10:39] {Threei}  CHINA ISSUES STATEMENT: 'NOT MANIPULATING' CURRENCY

[10:39] {Threei}  - Reminder: Last night a chinese official rejected FX manipulation claims from Treasury Sec Nominee Geithner that Obama believed China was manipulating its currency, arguing that the US was trying to manipulate China's currency

[10:40] {Threei}  I am lost

[10:40] {nemo} Isn't pegging manipulation?  What's the big deal?

[10:44] {hawkfan4} GERN holy smokes

[10:45] {fernp} Hello traders

[10:45] {fernp} Interesting morning?

[10:46] {larisa} for crazy part of the room : yes :)

[10:46] {nemo} cute

[10:47] {dino} mcd out .90, +.50

[10:47] {magoo} dinoooooooooo:)

[10:47] {dino} slowwwww

[10:47] {hawkfan4} nice

[10:47] {dino} ty

[10:48] {Threei}  fern :)

[10:48] {Threei}  beautiful morning.. too bad you missed

[10:49] {fernp} yes. sorry, I've been working

[10:52] {Threei}  SENATE FINANCE COMMITTEE: TO EVALUATE STIMULUS PACKAGE JAN 27, WITH REGARDS TO TAXES, AID FOR JOBLESS AND STATES

[10:52] {nemo} It's a 10 year spending plan.  Stimulus my a$$.

[10:54] {elepet} gern oh my . and i never sold

[10:54] {Threei}  you better start

[10:54] {elepet} gern. and i never sold.

[10:54] {hawkfan4} mama mia, nice

[10:54] {cujo} nice call el. 

[10:54] {cujo} i'm all doom and gloom

[10:54] {cujo} don't listen to me ;)

[10:54] {elepet} i cant. fingers frosen

[10:56] {hawkfan4} even i would sell at least half here

[10:57] {Threei}  elepet... profits are to be taken

[10:57] {Threei}  what is it you want to wait for?

[10:57] {Threei}  15? 20?

[10:57] {wishbone} vad please forward text from [10:47:37] {hawkfan4} nice, having connection issues

[10:58] {dino} "gut" call, close green

[10:58] {larisa} how green ? 

[10:59] {Threei}  I don't see it wish

[10:59] {dino} 100, 15, 20

[10:59] {larisa} nice :)

[10:59] {wishbone} ok ty...not sure when conection  is lost is all

[10:59] {dino} not fact larisa

[10:59] {larisa} lol

[11:00] {Threei}  GERN is pullback- ready

[11:00] {cujo} what do you see as an entry on GERN?

[11:01] {Threei}  7.50 - 7.60 zone

[11:01] {dino} dia sm l .70

[11:05] {Threei}  with all the morning hoopla on DRYS and STT and GERN, forgot to check up on my yesterday's candidate for mojo return... UAUA

[11:09] {Threei}  US HOUSE REPUBLICANS ARE PROPOSING A SEPARATE PACKAGE FOR TAX BREAKS IN LOW INCOME TAX BRACKET, INCLUDES SMALL BUSINESS TAX DEDUCTIONS AMOUNTING TO 20% OF INCOME

[11:09] {Threei}  - Package may also include provisions to make unemployment benefits tax free

[11:09] {dino} ndx and comp going green

[11:09] {dino} darn aapl, wanted 83 area gap

[11:11] {Threei}  SEC HEAD SHAPIRO: AGENCY REQUIRES MORE FUNDING TO HAVE BETTER OVERSIGHT, REQUIREMENTS MUST BE INCREASED ON BROKER DEALERS FOR STRONGER NET CAPITAL

[11:11] {cujo} do you see some consolidation in RIMM Vad?

[11:11] {Threei}  US TREASURY SEC NOMINEE GEITHER: MUST CONSIDER REGULATORY OVERHAUL, REGISTRATION FOR HEDGE FUNDS, AGENCY CONSOLIDATION

[11:12] {Threei}  I am not delighted by it cujo

[11:12] {cujo} ok

[11:12] {Threei}  it will go up if market does... but overall, it's a bit weaker than broad market

[11:13] {Threei}  look how close NASDAQ is to its high

[11:13] {Threei}  and how RIMM is solidly below its

[11:13] {cujo} yeah

[11:13] {dino} comp green, ndx flat

[11:14] {dptl} abx?]

[11:15] {Threei}  probably worth a try... hard to tell really

[11:15] {Threei}  doesn't spike with market this time

[11:17] {magoo} DRYS dead vad?

[11:17] {Threei}  not dead exactly but not worth the risk in my eyes

[11:18] {dino} dia hard stop to .40

[11:18] {Threei}  CNN talking about stem cells

[11:19] {dino} eqix strong

[11:19] {Threei}  GERN went through some consolidation

[11:19] {Threei}  looks like 8.05 long if stays above 7.90

[11:19] {dino} stopped dia .40, +.70

[11:20] {dino} too tight

[11:20] {Threei}  GERN CEO on

[11:21] {Threei}  US SEN MAJORITY LEADER REID: NO CONCERNS OVER WHETHER REPUBLICANS MAY SEEK TO BLOCK STIMULUS

[11:21] {magoo} in GERN

[11:22] {Onix} such a beautiful rally with nothing to trade

[11:22] {Threei}  CEO sounds a bit questionable

[11:23] {Threei}  nothing to trade?

[11:23] {magoo} out

[11:23] {Threei}  yeah

[11:23] {Threei}  he starred talking about "not being a miracle" etc

[11:24] {Threei}  who needs to hear that

[11:24] {fernp} out here too

[11:24] {dino} he has feb puts on it

[11:24] {dino} getting killed

[11:24] {Threei}  lol

[11:24] {Threei}  explain to me your expectations guys... 'cause I am lost

[11:25] {Threei}  you want to make money or you want to trade all the time?

[11:25] {Threei}  if former, that's what we are doing here, I thought

[11:25] {Threei}  if former, I can call new trade every 3 minutes, and you will have something to trade all the time

[11:26] {Threei}  but forget about being profitable then

[11:26] {nemo} STT pullback

[11:26] {hawkfan4} completely agree, my pnl is so much better when my commisions are lower

[11:29] {dino} why the explain lecture?

[11:29] {nemo} Repetition is the mother of all teaching

[11:29] {Threei}  it's just that comments like "such a beautiful rally with nothing to trade" confuse me

[11:30] {Threei}  either I don't manage expectations right

[11:30] {Threei}  or don;'t fulfill what I promise

[11:31] {dino} ok, missed that

[11:31] {dino} i only did 2 trades so far 2 for 2

[11:31] {dino} "chuck" most likely wondering why commissions are dropping

[11:31] {Threei}  GERN HEARING UPGRADED AT NEEDHAM, PT $9 (TIMING UNCERTAIN)

[11:32] {hawkfan4} just do what u do, it works.  everyone can find their own setups if they want to trade more

[11:32] {Threei}  where was Needham when it was at 4?

[11:33] {Threei}  aren't these guiys supposed to do a research,

[11:33] {Threei}  go to the company, find out about upcoming develoments

[11:33] {Threei}  build their ideas based on information they analyse

[11:34] {Threei}  instead of issuing their upgrades and downgrades after the fact and after the price move

06[11:36] * Threei slaps KSystems around a bit with a large roll of cash

[11:36] {KSystems} Hey :)

[11:36] {KSystems} that was fast

[11:36] {cujo} Hey K

[11:36] {nemo} Wie gehts Jung!

[11:36] {cujo} how are things?

[11:36] {Threei}  scalper's reflexes, you know

[11:37] {KSystems} did i miss much?

[11:37] {larisa} Vad, i need  new clothes for my vacation, so call someFing... safe, profitable,  5$ mover, no pullbacks

[11:37] {larisa} morning KS :)

[11:37] {KSystems} larisa!

[11:38] {Threei}  yes KS

[11:38] {Threei}  sorry to say

[11:39] {Threei}  DRYS approaches that 10

[11:39] {KSystems} any open calls?

[11:39] {Threei}  no

[11:46] {hawkfan4} back in gern .04

[11:46] {Threei}  STT pullback for bounce scalp

[11:47] {Threei}  wait for market strength

[11:49] {Threei}  STT .90 break if holding .80

[11:50] {Threei}  half lot, this kind of trades may require multile tries

[11:51] {KSystems} in

[11:51] {Threei}  over 1:1

[11:51] {Threei}  nice and easy

[11:52] {fernp} was easy. TY

[11:52] {Threei}  :)

[11:52] {jmb} thanks

[11:53] {KSystems} thanks!

[11:53] {cujo} thanks Vad

[11:53] {Threei}  sure thing

[11:53] {Threei}  lunch tyime scalpingh

[11:53] {cujo} + .13

[11:53] {Threei}  sorry larisa, it's not $5

[11:53] {Threei}  won't help with full wardrobe

[11:54] {larisa} bikini may be :)

[11:54] {Threei}  but, let's update it one thing after another

[11:54] {Threei}  right

[11:54] {larisa} k

[11:54] {Threei}  that was one piece

[11:57] {Threei}  wish, look dcc pls

[12:02] {Threei}  wishbone?

[12:03] {wishbone} yes

[12:03] {Threei}  look dcc please :)

[12:03] {Threei}  STT did same thing again... .50 - .60

[12:03] {wishbone} this mirc isn't workin quite same as old one....having technical difficulties.

[12:04] {Threei}  just doubleclick on my nick

[12:04] {Threei}  it's the same

[12:06] {Threei}  let's di a quick educational piece guys

[12:06] {cujo} y please

[12:06] {Threei}  so you know how to structure this kind of play in case I am distracted, fell asleep, got drunk, got hit by the bus etc

[12:07] {dino}   hmmm

[12:07] {Threei}  we took STT with structure .80 - .90 last time around,

[12:07] {Threei}  then it dropped into .50

[12:07] {Threei}  formed .50 - .60 setup.

[12:08] {Threei}  Why there was no setup at .60 - .70?

[12:08] {Threei}  or .70 - .80?

[12:08] {Threei}  as soon as you answer this for yourself, you know how this kind of ounces is played

[12:09] {cujo} no past support at those levels?

[12:09] {Threei}  one thing, yes

[12:09] {Threei}  another is,

[12:09] {nemo} no resistance or drop in volume?

[12:09] {nemo} support

[12:09] {Threei}  it never formed any kinf of range between those levels

[12:09] {fernp} no consolidation

[12:09] {dptl} no consolidation

[12:09] {Threei}  it was simply ticking through them

[12:09] {Threei}  fern and dp get the door prize, to be determined yet

[12:10] {Threei}  look what it did when it hit .50

[12:10] {Threei}  a few oscillations back and forth

[12:10] {Threei}  forming resistance,

[12:10] {Threei}  then breaking it

[12:10] {Threei}  That gives you setup structure:

[12:10] {Threei}  trigger (broken resistance)

[12:11] {Threei}  and stop (support level)

[12:11] {Threei}  Sometimes we get so lucky that additional factors come in play

[12:11] {Threei}  one is our standard:

[12:11] {Threei}  market directional support

[12:12] {Threei}  look at NASDAQ at the moment, you'll see it starting to uptick

[12:12] {Threei}  anotger is rare luck

[12:12] {Threei}  but when we get it, effect is multiplied:

[12:12] {Threei}  big offer right at the resistance level

[12:12] {Threei}  we had this kind yesterday,

[12:12] {Threei}  I think on DRYS

[12:13] {Threei}  if such offer gets eaten AND resistance broken AND market helps...

[12:13] {Threei}  you got your play

[12:14] {Onix} thank you for your trouble Vad, really appreciate it:)

06[12:14] * Threei shuts up and falls asleep

[12:14] {Threei}  always, onix

[12:14] {fernp} thanks for sharing your knowledge

[12:14] {cujo} was very educational.  

[12:14] {Threei}  what knowledge... I just invenetd this stuff

[12:14] {Onix} :D

[12:14] {Threei}  :)

[12:15] {fernp} lol

[12:16] {larisa} same setup on HIG this morning, PSE was selling at 13 all you want, not moving. Once it broke, vertical up. 

[12:17] {larisa} wrong window

[12:17] {larisa} sorry :)

[12:17] {dptl} so...stt now consolidates...right?

[12:17] {Threei}  hmmm... who did you intend to inform about that larisa?? :)

[12:18] {Threei}  yes dp, but this is diferent kind of play

[12:18] {larisa} notes for myself, learning your setups :)

[12:18] {dptl} thats where i get confused

[12:18] {Threei}  let me disperse the clouds then

[12:19] {dptl} ok :) pls

[12:19] {Threei}  the play we discussed was a strcture for the bounce

[12:19] {Threei}  kind of mini-bottom fishing

[12:19] {Threei}  what we have now in STT is more like mini JBE

[12:20] {Threei}  we have upward movement

[12:20] {Threei}  then consolidation range to break

[12:20] {Threei}  see the difference?

[12:21] {dptl} yes,so it's still legit set up?

[12:21] {Threei}  sure

[12:21] {dptl} got it :)

[12:21] {Threei}  it's just done in different type of market movement and with different expectations

[12:21] {Threei}  bounce scalp is bounce scalp

[12:22] {Threei}  breakouts tend to take a stock into new territory when happen at the day high

[12:22] {Threei}  not the case right now with STT,

[12:22] {Threei}  but overall, if on bounce scalp I tend to take scalp and be happy,

[12:22] {Threei}  especially in lunch time and especially when it's clear countertrend trading

[12:23] {cujo} what if it is an upward move and consolidates below the high of the previous move.  Is the peak of the chart the resistence of the move out of consolidation?

[12:23] {larisa} vad, but does it matter that STT came from 19+ to this consolidation stage? what part of the chart we should look at ? only move up from 18.50 ?

[12:23] {larisa} lol cujo

[12:23] {Threei}  breakouts if done in according type of market often carry bigger potential

[12:23] {Threei}  btw, while I typed all this stuff,

[12:23] {Threei}  STT got stuck with big seller at 19

[12:23] {nemo} Is DRYS setting up for breakout?

[12:23] {Threei}  I took break, put sell ay 19.15

[12:24] {Threei}  continued typing and was taken out

[12:24] {Threei}  multitasking at its best...

[12:24] {Threei}  ok, back to questions:

[12:24] {dptl} so,it has more odds to be good if happens at the days high? jbe

[12:24] {Threei}  cujo, generally yes,

[12:24] {magoo} ok..what the hell u talking about 

[12:25] {Threei}  just pay attention to the chart formations and type of the move

[12:25] {Threei}  what I mean by that is:

[12:25] {Threei}  magoo, give me a minute, I'll slap you when answered all the questions

[12:25] {magoo} ok

[12:25] {Threei}  no, wait

06[12:25] * Threei slaps magoo around a bit with a large trout

[12:25] {Threei}  ok

[12:25] {magoo} lol

[12:25] {Threei}  by chart formations I mean things like

[12:26] {Threei}  is it C&H? is it JBE? is it double top? is it third test of the high?

[12:26] {Threei}  out of let's say second test and third, which one has better chance to break?

[12:27] {Threei}  that was actual question, not rhetoric

[12:27] {dptl} 4th

[12:27] {Threei}  while you are thinking

06[12:27] * Threei slaps magoo around a bit with a large trout

[12:27] {magoo} 3rd

[12:27] {Threei}  right

[12:27] {Threei}  and by the type of movement I mean:

[12:27] {Threei}  how did stock come into resistance?

[12:27] {Threei}  slowly climbed into it or spiked sharply?

[12:28] {dptl} slowly better

[12:28] {Threei}  in former case I like my breakout, especially with extra bacon, thank you

[12:28] {Threei}  sharp spike into resistance, nope,

[12:28] {Threei}  I want another pullback first,

[12:28] {Threei}  not going to buy euphoric spike

[12:28] {magoo} hey..i am eating bacon right now blt

[12:28] {magoo} no kid

[12:29] {Threei}  great.. magoo did it... no more q/a, I am hungry

[12:29] {Threei}  {larisa} vad, but does it matter that STT came from 19+ to this consolidation stage? what part of the chart we should look at ? only move up from 18.50 ?

[12:29] {larisa} have an apple

[12:29] {Threei}  OK, this one is eaxctly why I called it "mini JBE"

[12:29] {Threei}  usual JBE is whole day chart

[12:30] {Threei}  have a look at HIG

[12:30] {Threei}  consolidation around 12.50, broken at 10:55 roughly

[12:30] {Threei}  is normal JBE

[12:31] {Threei}  that setup STT formed from 12:00 to 12:15 is mini JBE

[12:31] {Threei}  little piece of chart

[12:31] {cujo} sey guys, what is JBE?

[12:31] {Threei}  less reliable, having larger constraints on it

06[12:31] * Threei slaps cujo around a bit with a large book of Techniques of Tape Reading

[12:31] {nemo} Jump Base Explosion

[12:32] {magoo} ill sell u mine cujo

[12:32] {Threei}  and DBI is Drop - Base - Implosion

[12:32] {cujo} 10-4

[12:32] {magoo} photogeneric memory here

[12:33] {magoo} um,er pghotogymnastic memory

[12:33] {cujo} thanks magoo

[12:33] {Threei}  what else do we have

[12:33] {Threei}  {dptl} so,it has more odds to be good if happens at the days high? jbe

[12:33] {cujo} have it, just lent to friend

[12:33] {Threei}  generally, yes, in the right market

[12:33] {Threei}  mini JBE occuring somewhere in the middle of the chart has additiojnal resistance levels

[12:33] {Threei}  from this same day

[12:33] {magoo} if u lend it..u cutting out vad sale

[12:33] {Threei}  again, that mini JBE on STT

[12:34] {cujo} MU Vad, .40-.45 entry?

[12:34] {magoo} i keep pulling up JBE symbol and gets nothing vad

[12:34] {Threei}  apparently had a resistance around .20 - .25 from 11;40 roughly

[12:34] {Threei}  see it?

[12:35] {Threei}  and look where it topped at 12;23

[12:35] {magoo} and i cant find STT setup in your book

[12:35] {Threei}  finally:

[12:35] {magoo} its almostr like u have them backwards

[12:35] {Threei}  {magoo} ok..what the hell u talking about

06[12:35] * Threei slaps magoo around a bit with a large roll of cash

06[12:35] * Threei slaps magoo around a bit with a large scalping course

06[12:36] * Threei slaps magoo around a bit with a large daytrading course

06[12:36] * Threei slaps magoo around a bit with a large Master Profit Plan

06[12:36] * Threei slaps magoo around a bit with a large chart of uptrending market

[12:36] {wishbone} lol mags

06[12:36] * Threei slaps Threei around a bit with a large trout

06[12:36] * Threei slaps magoo around a bit with a large book of Techniques of Tape Reading

06[12:36] * Threei slaps magoo around a bit with a large everything your imagination could describe

[12:36] {Threei}  have I answered all questions now?

[12:36] {cujo} y

[12:37] {dptl} yep ty

[12:37] {Threei}  cool.. falling asleep

[12:37] {Threei}  magoo, pick yourself up from the floor...

[12:37] {wishbone} vad that was awesome....helps put peices together ty

[12:37] {Threei}  sure thing...

[12:37] {magoo} dino dailing 911 here..magoo knocked onconsciuos

[12:38] {nemo} he needs a brain to have a concussion

[12:38] {nemo} GERN vad?

[12:38] {Threei}  GERN is a toughie... it becomes an exhausted momo

[12:39] {Threei}  for normal technical stuff to start working on it, it needs serious pullback

[12:39] {nemo} triple top shows exhaustion?

[12:39] {Threei}  and elepet... what can I do to convince you to start taking at least partials on GERN

[12:40] {Threei}  triple top with last one lower than first two...

[12:40] {Threei}  volume configuration has changed

[12:40] {magoo} seriously here {as i pick myself up off floor}  GERN avail short tolaserheads

[12:40] {Threei}  not volume is increasing on drops, not on advances

[12:40] {Threei}  trying again:

[12:40] {Threei}  now volume is increasing on drops, not on advances

[12:41] {Threei}  hype was already practically everywhere

[12:41] {Threei}  news wires, CNBC, even CNN

[12:41] {Threei}  and stock is not advancing anymore

[12:41] {Threei}  tells you something?

[12:41] {Threei}  add its history:

[12:41] {Threei}  GEREN is serial disappointer,

[12:41] {Threei}  it moves nicely but rarely sustainable

[12:42] {Threei}  look at the news itself:

[12:42] {Threei}  it's just first phase trial approaval

[12:42] {Threei}  how long till it becomes something of subtance, if at all?

[12:42] {Threei}  will funding flow or will some group in Senate block it again?

[12:43] {Threei}  it's stem cells, controversy is abundant

[12:43] {Threei}  now... with all this, isn't it "take your profits" case?

[12:43] {Threei}  PALM

[12:43] {Threei}  BEST BUY MOBILE EXEC: WE ARE HOLDING TALKS TO SELL PALM'S PRE SMARTPHONE, NOT YET READY TO ANNOUNCE RETAIL DEAL

[12:43] {Threei}  - says also in discussions with Sprint

[12:45] {dptl} .80 short .90 stop stt?

[12:47] {dptl} or......90 long .80 stop..lol

[12:48] {Threei}  with market spiking... :)

[12:49] {Threei}  if you don't have clear indication from maret at the moment, there is just no readable play

[12:50] {Threei}  don't fall into trap thinking that any and every move can be read

[12:50] {Threei}  this is frequently made mistake

[12:50] {Threei}  when someone tells you:

[12:50] {Threei}  if you are so smart, tell me what XYZ is going to do next

[12:51] {Threei}  you know you are talking to someone who has no clue

[12:51] {Threei}  trading is not about reading everything all the time,

[12:51] {Threei}  trading is about waiting for the market for form something you can read

[12:52] {dptl} i see :)

[12:54] {dino} if i may; good trading is not about being right, it's about trading right

[12:55] {Threei}  yes dino, but this is answer to different question

[12:55] {Threei}  and you leave me with no powder if that one comes up :)

[12:55] {dino} oh, uh sorry boss

[12:55] {wishbone} dino...can i clone u? so you're clone can sit beside me and help me learn:)

[12:55] {wishbone} i promise to feed him, give him a home....

[12:56] {Threei}  lol

[12:56] {dino} lol, could get expensive, i drink alot

[12:57] {wishbone} that's ok me too...besides totally worth investment

[12:58] {wishbone} except....will he smell funny?

[12:58] {wishbone} and will he be polite?

[12:58] {wishbone} lol

[12:58] {dino} hmmmmmmmmmmm, wondering what magoo has been saying behind my back

[13:02] {Threei}  LOL DRYS

[13:02] {Threei}  I said 10... who knew it had 11 in it too

[13:02] {magoo} i did

[13:03] {Threei}  STT forming minirange

[13:03] {Threei}  if market spikes, .20 break long trigger for a scalp

[13:04] {dptl} in .22

[13:04] {magoo} 21 in cards if IF market spikes 

[13:05] {magoo} dino cakked green finish

[13:06] {dptl} stop under .10

[13:06] {Threei}  well, in that range low was .15

[13:06] {Threei}  so formally, stop would have to be under that

[13:06] {dptl} ok 

[13:06] {Threei}  but feels way too tight

[13:07] {Threei}  in any case, it spiked into 1:1 almost immediately

[13:07] {Threei}  why not half out into sharp spike

[13:07] {magoo} mkt not committed up yet

[13:07] {magoo} careful here

[13:07] {dptl} missed that exit

[13:08] {Threei}  holding well while market is downticking

[13:08] {Threei}  fairly nice trade

[13:10] {Threei}  even if your original stop was under .10, after tagging 1:1 twice it's fair to trail it to under .15

[13:10] {dptl} ok

[13:11] {Threei}  and it starts looking like more than scalp if market helps

[13:11] {Threei}  this market bounce should take it over .30

[13:11] {dptl} thinking the same

[13:11] {Threei}  here it comes

[13:12] {Threei}  half out .34

06[13:12] * Threei yawns... making money becomes too easy and boring

06[13:12] * Threei misses a good fight

[13:12] {Threei}  1;2

[13:13] {magoo} missed that onee'

[13:13] {Threei}  must be my fault mags

[13:13] {Threei}  you are still dizzy from all that slapping

[13:13] {magoo} reading real money..missed making "real money" ironic

[13:13] {dptl} out .47 ty

[13:14] {Threei}  welcome sir

[13:14] {dino} cedc sm l .50

[13:14] {Threei}  isn't it perfect... we discussed all that theory,

[13:14] {Threei}  and trade structured just like texbook example came about in the next 30 in

[13:15] {dptl} :)

[13:15] {KSystems} Thanks Vad!!

[13:16] {Threei}  :)

[13:20] {dptl} ah..was thinking to get on pull back at .40 with .30 stop and missed it

[13:21] {dptl} that stt was good to us last couple of days

[13:22] {Threei}  always happens

[13:22] {Threei}  one momo runs out of gas, another is right around the corner

[13:22] {Threei}  used to be UAUA

[13:22] {Threei}  then DRYS came about

[13:22] {Threei}  the STT

[13:22] {Threei}  PLD

[13:22] {Threei}  HIG

[13:22] {Threei}  LVS

[13:23] {Threei}  familiar symbols? :)

[13:23] {dptl} ye...hated uaua though.....i am also watching plc last two days

[13:24] {dptl} pnc...sorry

[13:24] {Threei}  that's OK, magoo hated both UAUA and DRYS

[13:24] {Threei}  but as they say... if you hate squirrels, you just don't cook them right {G}

[13:25] {dptl} :)..ye i know that one

[13:25] {wishbone} squirrels are rats with fur!

[13:25] {wishbone} imo

[13:26] {dino} [10:59] {dino} 100, 15, 20

[13:26] {dino} theres the ndx 15

[13:28] {Threei}  powerful move SLW today

[13:28] {nemo} slw auy tck

[13:29] {dptl} abx gg also

[13:29] {Threei}  not really wonder with metals and PMs being strong today

[13:38] {dino} out nat .47, +.47

[13:42] {Threei}  WHITE HOUSE PRESS SECRETARY: ECONOMY WON'T GET BETTER OVERNIGHT; STIMULUS WILL HAVE RAPID EFFECT; 75% OF STIMULUS WILL BE FELT IN THE FIRST 18 MONTHS

[13:42] {Threei}  I say:

[13:42] {Threei}  if they don't do ahything at all,

[13:42] {Threei}  and leave the economy well alone

[13:43] {Threei}  positive impact wil be felt in the first 18 months

[13:43] {Threei}  get out of the way, stop fixing it, and it will fix itself

[13:43] {Threei}  painfully but fast

[13:43] {Threei}  their way is painful and slow

[13:45] {cujo} ANy read on STT VAD?

[13:46] {dino} i am w/you vad, let the markets work it out. the strong survive, the rest go away

[13:47] {dino} they have messed w/the fundamentals of capitalism

[13:48] {Threei}  and long term consequences of that will be much worse than any today's trobles

[13:48] {Threei}  well, STT...

[13:48] {Threei}  for a breakout, I'd like to see consolidation clower to 20

[13:49] {cujo} no short set up?

[13:49] {Threei}  if market pulls back, and STT with it, 19.50 is obiovus support, but I have feeling it will slice through it like knife through butter

[13:49] {Threei}  maybe... I just hate shorting uptrending market

[13:50] {ese} well my goodness......i can get in this way from work....how bout that .....

[13:51] {Threei}  kewl

[13:51] {ese} ami i in?

[13:51] {Threei}  yes sir

[13:51] {Threei}  STT won't even drop with market

[13:51] {cujo} yeah

[13:51] {cujo} weird

[13:51] {Threei}  no way I'd short this thing

[13:52] {ese} couldn't do this via the old board

[13:52] {Threei}  old board was meaner

[13:52] {Threei}  this one is tree-hugging bleeding heart, soft as baby food

[13:53] {ese} definately......had to give another exam this morning....left abruptly this morning

[13:53] {ese} so whats a happenin

[13:53] {ese} interesing recovery looks like

[13:54] {Threei}  not much... made a lot of money, had a fish fight with magoo...

[13:54] {Threei}  another day in the office

[13:54] {ese} what did ya make money on?

[13:54] {Threei}  poker, bridge...

[13:54] {Threei}  oh, you mean in the market

[13:55] {ese} yes indede

[13:55] {Threei}  GERN, STT, DRYS... something else

[13:55] {cujo} yeah stt no likey short

[13:55] {magoo} i think im calling it a day

[13:55] {magoo} up good, got things to do

[13:55] {dptl} thinking the same 

[13:56] {Threei}  let's make it tradition... 30 min trading, making monety, going away

[13:56] {dino} thats no good, i usually don't start until 10:00

[13:56] {dino} i'll be here alone

[13:56] {magoo} well..i hate giving back on a friday..stew over it all weekend

[13:57] {Threei}  you need to stop living in rearwiev mirror mags {G}

[13:57] {cujo} market goes up STT drops...  hmmm

[13:58] {Threei}  stewing over something that is in the past already, can't be changed, can only demoralize tyou...

[13:58] {magoo} ty boss...see u all monay

[13:58] {Threei}  take care, have a good weekend

[13:59] {Threei}  cujo, just leave it alone for now

[13:59] {dino} dji +

[13:59] {cujo} yeah

[13:59] {Threei}  as we said earlier... not everything can be read

[13:59] {cujo} just perplexed at this point. 

[13:59] {cujo} not trying to trade it

[14:00] {Threei}  this one lost clean patterns for now

[14:00] {cujo} cigar is just a cigar

[14:00] {Threei}  (said Bill Clinton)

[14:00] {dino} [13:26] {dino} [10:59] {dino} 100, 15, 20

[14:00] {dino} [13:26] {dino} theres the ndx 15

[14:00] {larisa} nice :)

[14:00] {dino} we were -170 dji on the call lets see oif we get the +100

[14:01] {Threei}  quite amazing

[14:01] {Threei}  that morning gap down was a gift

[14:01] {Threei}  good thing we took it

[14:01] {dino} next week, mark-ups. will be watching for the 4 month pattern, rock-n-roll to 8900+

[14:02] {Threei}  looking at intraday,

[14:02] {ese} what news vad changed the market around  

[14:02] {Threei}  can you believe we were long DRYS at 9.20?

[14:02] {Threei}  no news ese

[14:03] {wishbone} vad dcc please thank you

[14:03] {dino} nothing es

[14:04] {hawkfan4} grr, remind me not to schedule appointments during the middle of the day!

[14:05] {Threei}  lol

[14:08] {dptl} how about now stt......   .90 - 20?

[14:10] {dptl} ok.....have a good weekend all...ty..and see ya monday

[14:10] {cujo} catch ya later DP

[14:10] {fernp} bye dp

[14:10] {Threei}  take care dp

[14:13] {dino} cya dp

[14:18] {nemo} Well, guess the floor is in on oil.  After yesterday's announcements and SLB talking bad earnings and poor outlook, the stock is up 10%

[14:18] {Threei}  GERN is coming into bounce zone

[14:18] {Threei}  one more sharp drop and I'll get interested

[14:19] {nemo} into support @ 7 or so

[14:19] {Threei}  alternatively, 7.10 break if not losing 7 anymore

[14:25] {cujo} in .14

[14:27] {Threei}  breifly hit over 1:1

[14:27] {Threei}  hard to tell if has more in it

[14:27] {KSystems} half out .20....yes

[14:28] {cujo} out .17

[14:28] {jmb} thanks

[14:30] {Threei}  6.60 zone I'd me more enthusiastic about it

[14:31] {Threei}  elepet... I really hope all my begging made you sell or partial

[14:32] {nemo} why 6.60?  start range?

[14:32] {Threei}  it stgruggled around that range before starting its run

[14:32] {Threei}  closest natural support

[14:33] {cujo} when covering accidentally went short an extra 100

[14:33] {cujo} ha ha ha

[14:33] {Threei}  thwere is some support around 6.80 but it doesn't feel like holding

[14:34] {Threei}  STT is coming into support too

[14:35] {cujo} on its way through looks like...

[14:35] {Threei}  most likely

[14:36] {Threei}  not rushing in, want to see more selling

[14:36] {cujo} y

[14:37] {elepet} buying GERN?

[14:37] {Threei}  nah, not safe enough here

[14:37] {Threei}  not very convincing bounces

[14:38] {Threei}  elepet... you sold any?

[14:39] {elepet} long ago.made $3000 very tense though.

[14:39] {Threei}  whew

[14:39] {Threei}  why tense

[14:39] {Threei}  be tense when you lose money

[14:39] {Threei}  not when you make it

[14:40] {elepet} totally focused all day. hard work. except i made and drank some wheat grass juice.hehehe

[14:40] {Threei}  better choice than vodka anyway...

[14:40] {cujo} you have a wheat grass machine in your house?

[14:40] {Threei}  even though dp would disagree with me

[14:40] {nemo} I would disagree

[14:40] {cujo} stt

[14:40] {Threei}  there... dp got a comprade

[14:41] {cujo} this enough selling for you?

[14:41] {Threei}  nope

[14:41] {cujo} ;)

[14:41] {Threei}  13:49] {Threei} if market pulls back, and STT with it, 19.50 is obiovus support, but I have feeling it will slice through it like knife through butter

[14:41] {cujo} ahh memories

[14:41] {elepet} now watching HIG. another 2 day hold over.finally green. yes i do have wheat grass juicer.

[14:41] {Threei}  both, market ad STT is mini downtrend now

[14:41] {Threei}  I need more convincing that this to go long

[14:42] {cujo} yup

[14:45] {elepet} GERN again? I kind of miss it.

[14:45] {elepet} we joined at the hip today.

[14:45] {Threei}  I don't have firm read on it here

[14:45] {nemo} yeah, bounced off that 6.80

[14:45] {Threei}  kind of flaky

[14:46] {elepet} I know.

[14:46] {elepet} but so am i

[14:46] {Threei}  you have this way of marrying the stock elepet...

[14:47] {cujo} ok, through .50....  where next...

[14:47] {elepet} this one i didn't just marry. I merged. not all of them though.

[14:47] {nemo} I wonder if it's "Friday afternoon-don't want to go into the weekend long" syndrome

[14:47] {cujo} divorce?

[14:47] {nemo} vulcan?

[14:47] {Threei}  don't know cujo.. I am not getting signal I would want to see

[14:48] {Threei}  so I write it off as "no read"

[14:49] {elepet} vulcan it is. not sure i know what you mean, but i think i get the idea.

[14:49] {nemo} melded with the stock

[14:49] {nemo} merged...sorry

[14:49] {Threei}  amalgamation

[14:50] {elepet} ah so.

[14:50] {nemo} nah...amalgamation is a mess

06[14:50] * Threei faints in awe of his vocabulary

[14:50] {Threei}  better STT

[14:50] {nemo} sesquepaedalian

[14:50] {Threei}  comeon, drop

[14:50] {cujo} drop it like its hot...

[14:51] {Threei}  sesquepaedalian reminds me of chronoclastic infundibula

[14:51] {nemo} I'll have to google that one

[14:52] {nemo} how about "omphalos skepsis"

[14:52] {Threei}  Kurt Vonnegut... Sirens of Titan

[14:52] {dino} hmmm, just like yesterday

[14:53] {nemo} well, Vad, you said that on November 29, 2007  not quite yesterdya, but close

[15:01] {nemo} look at GOOG today Vad?

[15:03] {Threei}  UAW CONFIRMS DISBANDING OF CHRYSLER JOB BANK ON JAN 26, AS PREVIOUSLY AGREED

[15:03] {Threei}  nope

[15:07] {Threei}  GERN on CNBC again

[15:08] {Threei}  irtching to short it

[15:12] {nemo} things just kinda' drifting

[15:12] {Threei}  yup, aimless wandering'

[15:12] {nemo} Feels like everybody pulled a magoo

[15:12] {Threei}  and those who didn't, pulled dp?

[15:13] {nemo} yeah, but I'd rather talk about Magoo when he's not here.  We had a saying.  Blame the guy who's not here, he can't speak up to defend himself.

[15:14] {dino} lol

[15:14] {fernp} very valuable info today in the room. Thank you very much Vad.

[15:14] {fernp} Have a nice weekend all. see you on monday.

[15:15] {Threei}  and we had a saying: before beating up on someone, you gotta try and walk inhis shoes. This way you get to do both, beat him up AND get his shoes

[15:15] {Threei}  great to hear fern

[15:15] {Threei}  take care and have a great weekend

[15:16] {patience} quite a remarkable day vad...made 7 separate gold scalps...think there is another 40 bucks to go in it but don't want to hold over the weekend...and 7 out of 7...won't push my luck

[15:16] {nemo} Yeah, I think the term translated is "walk on him"

[15:16] {Threei}  wow

[15:16] {Threei}  fantastic performance patience

[15:17] {patience} ty, it was a great momo day

[15:19] {nemo} Funny culture between Ukraine and Moscow somewhat similar

[15:19] {elepet} you can short it now. GERN) I'm out +.15. and of course it went up. a lot. but i want to turn off the computer.

[15:20] {Threei}  good practice selling your darlings elepet

[15:20] {Threei}  wtg, have a great weekend

[15:20] {elepet} i know. it strikes me as silly, but i guess it's the rule of this game

[15:23] {nemo} attachments create irrationality

[15:23] {Threei}  silly?

[15:23] {Threei}  taking profit?

[15:23] {Threei}  I'll need some serious explanation as to how it can be silly :)

[15:23] {nemo} some whackin' due here

[15:23] {nemo} hit him with Livermore's book

[15:27] {nemo} What in't you see on Gern that you were looking for Vad?

[15:28] {Threei}  just nothing convincing one way or another

[15:29] {nemo} I notice those last two radical drops weren't accompanied by any climactic selling.  Was that an issue

[15:29] {nemo} ?

[15:29] {Threei}  one of, yes

[15:29] {Threei}  want to see exhausting selling

[15:30] {nemo} which needs volume?

[15:30] {Threei}  or at least some change of pace

[15:30] {Threei}  instead it just drifts up aand down with not much of indication

[15:31] {Threei}  I am not junmping on whatever moves without clean setup

[15:31] {nemo} not stocks anyway

[15:31] {Threei}  ummm... it sounded better in my head

[15:31] {nemo} understood

[15:36] {dino} ok, gotta hop, kids want to go skiing. take care all, cutting cedc here

[15:36] {Threei}  take care dino, have a good one

[15:36] {larisa} bye dino :)

[15:36] {dino} :)

[15:37] {nemo} computers must be trading now

[15:38] {nemo} Peace & Quiet folks.  See you Monday, insha Alah

[15:39] {Threei}  take care nemo

[15:39] {cujo} have good weekend

[15:49] {Threei}  OK guys, let's call it a day... and a wekk

[15:49] {Threei}  very nice day and week at that

[15:49] {Threei}  thank you all

[15:49] {Threei}  have a great weekend

[15:49] {Threei}  see you all on Monday

[15:49] {larisa} you too :)

[15:49] {KSystems} you too :)

[15:49] {cujo} have a good one 

[15:49] {cujo} see you all monday

[15:49] {KSystems} a good relaxing one...

Jan 22 2009

This is pure traders market. With our new hero STT aand some of traditional performers (why, DRYS of course) it shaped up as a great day. icing on a cake was little after hours GOOG gamble for quick $5.

Session Time: Thu Jan 22 00:00:00 2009

[08:02] {Threei}  Good morning RT

[08:04] {hawkfan4} good morning vad, all

[08:04] {Threei}  hawk :)

[08:06] {magoo} morning

[08:06] {Threei}  magoo :)

[08:06] {i2romantis} morning all :)

[08:06] {Threei}  i2r :)

[08:10] {Threei}  PREVIEW: US INITIAL JOBLESS CLAIMS DATA DUE OUT AT 8:30 AM ET

[08:10] {Threei}  - Expectations for initial claims are 543K v prior release of 524K (range seen from 450K to 594K)

[08:10] {Threei}  - Continuing claims seen at 4.534M v prior 4.497M. (range seen from 4.500M to 4.580M)

[08:20] {Threei}  Two men are being sentenced to death over China tainted milk scandal

[08:20] {Threei}  boy... they are not fooling around over there

[08:20] {patience} surprised it is only 2

[08:20] {cujo} Good morning all. 

[08:21] {Threei}  cujo :)

[08:21] {Onix} Hi cujo

[08:21] {Onix} Good morning all

[08:21] {cujo} Hey Onix.  

[08:21] {Threei}  onix :)

[08:22] {Threei}  BALTIC DRY BULK INDEX + 5.0%, 3RD STRAIGHT INCREASE

[08:25] {nemo} mornin'  "Tag" fuer Ihnen nach Malzeit.

[08:26] {Threei}  nemo :)

[08:30] {Threei}  DEC HOUSING STARTS: 550K V 605KE; BUILDING PERMITS: 549K V 600KE

[08:30] {Threei}  INITIAL JOBLESS CLAIMS: 589K V 543KE; CONTINUING CLAIMS: 4.607M V 4.534ME

[08:31] {Threei}  took .77 DRYS

[08:31] {Threei}  for bounce scalp

[08:31] {Threei}  full dollar drop in one swoop is wirth a try

[08:31] {Threei}  small shares, so will try to hold it

[08:32] {Threei}  ummm... it has its own news

[08:32] {Threei}  ANNOUNCES SIGNIFICANT REDUCTIONS IN CAPEX AND SUSPENSION OF THE DIVIDEND EFFECTIVE FOR Q4 2008

[08:32] {Threei}  not a good idea

[08:32] {Threei}  leave it alone for now

[08:32] {Threei}  sold .46

[08:33] {Onix} what a drop in that DRYS hey!?

[08:34] {Threei}  should be good for a bounce somewhere but considering its volatility, no need to rush in

[08:34] {Onix} ok

[08:35] {Threei}  if it was a pullback on job numbers, that would be valid entry

[08:35] {Threei}  with its own news, who knows

[08:36] {Threei}  - Transactions include:

[08:36] {Threei}  (1) the disposal of three Capesize newbuildings

[08:36] {Threei}  (2) the cancellation of the acquisition of nine Capesize vessels (including five newbuildings) previously agreed to by the Company.

[08:36] {Threei}  -These two transactions will reduce the Company''s capital expenditure commitments by over $1.5 billion in initial transaction value.

[08:36] {Threei}  - Company will suspend dividend payments on its common stock.

[08:36] {Threei}  - Based on these transactions and policies, the Company expects to improve its balance sheet and enhance cash flow that will provide the Company greater financial flexibility in this challenging environment.

[08:37] {Threei}  I am not even sure if it's a good news or bad, lol

[08:37] {Threei}  matter of interpretation

[08:39] {Threei}  STEM...

[08:39] {Threei}  speculation on stem cells hopes I guess

[08:39] {Threei}  GERN is probably better candidate if this turns into micromania

[08:47] {i2romantis} DRYS, just on earnings warning, it seems

[08:47] {nemo} test

[08:47] {nemo} test

[08:48] {nemo} test

[08:48] {nemo} back?

[08:48] {Threei}  08:30am [DRYS] Guides Q4 EPS $0.63-0.71 v $1.29e

[08:49] {Threei}  watch this 5.70 offer GERN

[08:50] {Threei}  FULL SENATE CONFIRMATION VOTE FOR GEITHNER NOT LIKELY UNTIL NEXT WEEK - CNBC

[08:51] {pita} gm everyone

[08:51] {Threei}  pita :)

[08:54] {elepet} good morning

[08:54] {Threei}  elepet :)

[08:54] {Threei}  you all out of DRYS yesterday I hope?

[08:55] {Threei}  for adrenaline junkies, 11.50 break on DRYS... smaaal shares

[08:55] {Threei}  scary trade really

[08:56] {Threei}  not setting up anyway

[08:56] {hawkfan4} whew :)

[08:56] {Threei}  hehe

[08:57] {Threei}  what a dump

[08:57] {Threei}  11.30 now

[08:57] {Threei}  again... only if you feel very very adventurous

[08:58] {KSystems} stop under .00?

[08:58] {Threei}  that, ot 11.10

[08:58] {KSystems} ok, in

[08:58] {Threei}  bottomed out at .12 so far

[08:58] {Threei}  OK{ now we know who leads the list of gamblers

[08:58] {KSystems} where is your target?

[08:59] {Threei}  there is no really technical read to this thin premarket trading

[08:59] {larisa} never would think KS is one of them :)

[09:00] {magoo} ChanServ is one heck of a sargent in arms vad

[09:00] {Threei}  lol

[09:00] {magoo} sergant?

[09:00] {Threei}  you guys never set it up right

[09:00] {cujo} KS you still in this?

[09:00] {magoo} impossioble to do

[09:00] {hawkfan4} is there a way to turn that noise off?

[09:01] {Threei}  mags, what are you talking about... a lot of people did

[09:01] {dptl} gm all

[09:01] {Threei}  joins/quitsd, hawk?

[09:01] {Threei}  dp :)

[09:01] {hawkfan4} yes Vad

[09:01] {Threei}  sure

[09:01] {Threei}  right click on #discussions button

[09:01] {Threei}  Event

[09:01] {Threei}  kill all you don't want

[09:02] {Threei}  or move to status

[09:02] {Threei}  MSFT

[09:02] {hawkfan4} great, thanks :)  

[09:02] {Threei}  REPORTS Q2 $0.47 V $0.49E, REV $16.3B V 17.1BE CUTS 5K JOBS

[09:02] {Threei}  - We are planning for economic uncertainty to continue through the remainder of the fiscal year, almost certainly leading to lower revenue and earnings for the second half relative to the previous year.

[09:05] {cujo} Vad see anything in MSFT?

[09:05] {KSystems} out DRYS

[09:05] {nemo} test

[09:05] {magoo} msft just releades early

[09:05] {KSystems} dont like what i see in mkt

[09:05] {magoo} wtf

[09:06] {KSystems} +.05

[09:06] {Threei}  I don't intend to trade it cujo

[09:06] {cujo} got ya. 

[09:09] {fernp} Hello everybody

[09:10] {KSystems} ok

[09:10] {Threei}  fern :)

06[09:10] * KSystems officially wishes a good morning to everyone

[09:11] {ese} good morning....but mine is only semi official

[09:11] {Threei}  ese :)

[09:11] {Threei}  DRYS is trying for double bottom

[09:12] {Onix} 11.66?

[09:13] {Threei}  you realize how dangerous this stock is, right?

[09:13] {patience} DRYS just suspended its 4th quarter dividend

[09:13] {dino} gm all. end of days all over again

[09:13] {Onix} o ja

[09:13] {Threei}  dino :)

[09:14] {dino} :)

[09:17] {Threei}  onix, if you went for it, either offer .95

[09:17] {Threei}  or try to hold for 12 break and spike

[09:18] {Threei}  RU) RUSSIAN CENTRAL BANK CONFIRMS PRESS CONF AT 10.00 AM EST TODAY

[09:18] {Threei}  uh oh

[09:19] {patience} they want your roubles vad

[09:19] {nemo} geez...hope they don't default again

[09:19] {Threei}  that was the rumor earlier nemo

[09:19] {Threei}  DRYS broke 12

[09:19] {nemo} well, short the financials

[09:19] {nemo} ehhh...short the market

[09:22] {Threei}  if anyone went for adrenaline-rich ride on DRYS, no way you'd let this profit slide away

[09:22] {hawkfan4} nice alert on DRYS vad, thx. in .65, out .12

[09:22] {Threei}  make sure you book it or trail stop tightly

[09:22] {Threei}  wtg hawk

[09:22] {Threei}  my list of gamblers is gaining

[09:22] {hawkfan4} :) lol

[09:22] {Threei}  KS, hawk

[09:23] {ese} vad do you remember what happened in 87/88.....what was that all about a devaluation?

[09:23] {Threei}  magoo was never off the list actually

[09:23] {Threei}  it was default, ese

[09:23] {ese} ah.......

[09:23] {Threei}  banks couldn;'t pay their obligations

[09:23] {Threei}  savings evaporated

[09:24] {Threei}  DEALER CHATTERING SPECULATION THAT RUSSIAN CENTRAL BANK WILL ANNNOUNCE CURRENCY DEVALUATION AND INTEREST RATE HIKE

[09:24] {nemo} monetize their way out of this

[09:29] {Threei}  let's sit quietly first minutes

[09:29] {Threei}  let the dust settle

[09:29] {hawkfan4} sounds like a good plan

[09:29] {Threei}  onix, you went for that DRYS?

[09:31] {Onix} oh no, i amtoo chiken :(

[09:31] {Threei}  OK :)

[09:33] {Threei} Long Setup:  GERN  5.40 - 5.45 if holding 5.30

[09:34] {Threei}  could be a slow trade, rather day trade than scalp

[09:34] {Threei}  possibly swing

[09:34] {KSystems} in

[09:35] {KSystems} .42

[09:36] {Threei}  stop under .30

[09:36] {Threei}  not a scalp for me

[09:36] {KSystems} do you still partial out at the usual levels?

[09:36] {Threei}  I won't

[09:36] {nemo} ? with Russian announcement coming, why do a slow trade?

[09:36] {Threei}  aiming for a first partial around 5.70

[09:37] {Threei}  with stop about 15 cents... I don't feel particularly in danger

[09:38] {fernp} in 5.44

[09:38] {Threei}  and this trade is based on things not very relevant to anything but speculation on Obama's policies in stem cell field

[09:39] {larisa} wow STT

[09:39] {Threei}  TREASURY SEC NOMINEE GEITHER: BEST OUTCOME IS FOR BANKING INDUSTRY TO REMAIN IN PRIVATE HANDS, MORE RESOURCES MAY BE NEEDED IF BANK CONDITIONS BECOME WORSE

[09:39] {Threei}  - Notes that there are no current plans for more rescue funds

[09:39] {Threei}  - Comments that Obama believes that CHina is a currency manipulator

[09:40] {Threei}  jeez

[09:40] {Threei}  try and read this, lol

[09:41] {Threei}  STT

[09:41] {Threei}  FITCH CUTS RATINGS TO A+ FORM AA-, RATINGS WATCH NEGATIVE

[09:41] {Threei}  - Was cut at S&P and Moody's earlier in week

[09:43] {dino} tyd

[09:43] {dino} tdy i mean

[09:43] {Threei} Long Setup:  CECO  .55 half lot if stays above .40

[09:44] {Threei}  RECENT STRENGTH IN STEM CELL STOCKS ATTRIBUTED TO SPECULATION PRESIDENT OBAMA IS BEING PRESSURED TO LIFT RESEARCH RESTRICTIONS

[09:44] {Threei}  {GERN AVII ASTM}

[09:45] {Threei}  we kind of guessed

[09:46] {nemo} how's the arm, vad?

[09:46] {Threei}  fine, thank you

[09:46] {nemo} that's good

[09:47] {Threei}  if CECO sets up, stop would have to be under .35

[09:47] {Threei}  adjust shares accordingly

[09:47] {KSystems} in .55

[09:48] {Threei}  with any market help, has 22 in it

[09:50] {dino} geeze 3i, don't hurt your arm before the superbowl

[09:50] {nemo} You mean the gray cup dino?

[09:50] {Threei}  what's with widespread worries about my arm

[09:51] {dino} of course

[09:51] {nemo} we have real football own here

[09:51] {nemo} "down"

[09:52] {Threei}  APOL drop

[09:52] {Threei}  not very good for CECO

[09:52] {dino} gg l .40 sm

[09:53] {Threei}  holding decently so far

[09:55] {Threei}  (RU) RUSSIA CENTRAL BANK: STOPING ROBLE WIDENING

[09:55] {nemo} huh?

[09:55] {Threei}  no idea what it means

[09:55] {dino} ??

[09:55] {Threei}  *(RU) RUSSIA CENTRAL BANK: STOPING ROUBLE CORRIDOR WIDENING AT RUB41 AGAINST BASKET

[09:55] {ese} what the "H" does that mean   "widening"

[09:56] {nemo} too much polymeni

[09:56] {Threei}  lol

[09:56] {Threei}  STT just goes, lol

[09:56] {dino} what's rouble?

[09:57] {Threei}  EURO FIRMS AFTER RUSSIAN CENTRAL BANK SETS NEW UPPER LIMIT

[10:00] {Threei}  CECO tagged 1:1 briefly,, let's trail stop to under .40

[10:00] {Threei}  just want to keep things tight while market is so uncertain

[10:00] {Threei}  and with this huge offer at .70, who knows if it has enough drive to break it

[10:01] {Threei}  US) NOV HOUSE PRICE INDEX: -1.8% V -1.2%E

[10:01] {Threei}  but if does... even 22 can be too conservative target

[10:05] {cujo} Vad, what system do you use for quotes? I don't see a .70 offer

[10:06] {Threei}  Laser

[10:06] {Threei}  INCA

[10:06] {Threei}  over 10K offer

[10:06] {Threei}  big for a thin stock

[10:07] {dino} talking heads/mark haines, ragging 10% drop in home prices since 2007.....heck of a lot better than stock market drops imo

[10:07] {Threei}  no kidding

[10:07] {dino} perspective is way off

[10:08] {cujo} he he

[10:08] {Threei}  APOL forms C&H

[10:08] {Threei}  scariest stock on the planet

[10:08] {Threei}  if breaks 88.50 and goes, should helo CECO

[10:09] {Threei}  ok CECO... it's time

[10:10] {Threei}  INET either canceled that offer or went reserve

[10:10] {Threei}  half out .74

[10:11] {Threei}  stop to .45

[10:12] {Threei}  are you guys breathing out there?

[10:12] {KSystems} zzzZZZzzzZZZ

[10:12] {nemo} cough cough

[10:13] {Threei}  OK... partialed on CECO?

[10:13] {nemo} schlaf gut...K

[10:13] {KSystems} yes

[10:13] {ese} too funny ksys......feelin same

[10:13] {nemo} gute Traume

[10:14] {Threei}  if falling asleep, just buy STT... Iguarantee immediate awakening

[10:14] {nemo} o.k. in 10k stt...not

[10:15] {Threei}  some comments on currency:

[10:15] {Threei}  RUSSIAN CENTRAL BANK CURRENCY ANNOUNCEMENT

[10:15] {Threei}  - Chief European dealer noting that the announcement from Russian Central Bank to end of the band widening and some form of capital controls most likely takes a source of daily usd demand out of the market

[10:15] {Threei}  - FX Chartist notes that 1.3070 remains pivot point on daily NY close basis

[10:15] {Threei}  out CECO balance

[10:15] {nemo} I've got $ up .64 and climbing

[10:16] {nemo} fast

[10:16] {Threei}  so much for Chief European dealer

[10:16] {nemo} as you said before... upgrade sell...downgrade buy

[10:19] {elepet} you still in GERN?

[10:20] {Threei}  yes

[10:20] {KSystems} kick it more

[10:21] {nemo} msft missing 2q profits

[10:22] {dptl} still same stop on gern ? or can we raise it to under .40?

[10:23] {Threei}  matter of taste really...

[10:23] {Threei}  chart wise trailing makes sense

[10:23] {Threei}  and it hit over 1:1

[10:23] {Threei}  the question to answer is,

[10:24] {Threei}  if you trade it like this, why wouldn't you take partial over 1:1?

[10:24] {dptl} i did

[10:24] {Threei}  see what I mean, in terms of structuring the trade?

[10:24] {Threei}  oh, okay then

[10:24] {Threei}  trail by all means

[10:25] {dptl} ok ty

[10:30] {dino} dji lod

[10:30] {Threei}  (CA) BANK OF CANADA MONETARY POLICY REPORT:SEES GDP CONTRACTING BY 2.3% IN Q4

[10:31] {fernp} DBI C?

[10:31] {Threei}  it is... kind of 50/50 though

[10:32] {dino} s/p lod

[10:32] {pita} jbe stt?

[10:33] {Threei}  not really... it's JBE high is 19.50, too far from here

[10:33] {patience} vad, oil numbers soon?

[10:33] {Threei}  2 min

[10:34] {larisa} i heard 11AM, may be mistaken

[10:35] {Threei}  you are right

[10:35] {Threei}  they canged usual time too, not only day

[10:35] {patience} ty

[10:36] {Threei}  BAC

[10:36] {Threei}  CEO LEWIS TO HOLD 'EMERGENCY' MEETING WITH THAIN OVER FUTURE AT FIRM - CNBC'S GASPARINO

[10:36] {Threei}  that's very confidence-inspiring

[10:38] {dino} the future is forward

[10:39] {Threei}  careful dino... title of the master of the obvious is mine, and I will fight for it

[10:41] {dino} lol

[10:41] {cujo} anyone want to contango?

[10:42] {Threei}  I would but I feel awkward moving in backwardation

[10:42] {cujo} ha ha ha

[10:42] {nemo} slow day

[10:44] {magoo} ya think?

[10:45] {nemo} master of the obvious...just call me Howard Cosell

[10:46] {Threei}  STT doesn't drop with market...

[10:46] {Threei}  feel bored mags? STT 19.10 long if stays above 18.90

[10:46] {Threei}  scary as hell

[10:47] {dino} nat sm l .00

[10:50] {Threei}  stop to under 19

[10:50] {magoo} in

[10:51] {Threei}  you know it's a trade against boredom, not for profit, right?

[10:51] {dino} gg stopped

[10:51] {Threei}  half out or scalp into this spike

[10:52] {KSystems} STT out .35

[10:52] {KSystems} thanks Vad

[10:52] {cujo} nice KS

[10:52] {Threei}  sure

[10:52] {KSystems} was on scaringly small shares though

[10:52] {Threei}  hawk... you are last in the list of gamblers who didn''t report

[10:52] {Threei}  anyone else so I keep my list updated?

[10:53] {Threei}  1/4 more out here

[10:53] {Threei}  .43

[10:53] {hawkfan4} lol, passed, but keeping with the gambling theme i'm in drys

[10:53] {Threei}  offering last portion .70

[10:53] {Threei}  okay then, you are forgiven

[10:53] {Threei}  DRYS keeps you in the list

[10:53] {hawkfan4} whew

[10:54] {dptl} offering last portion .70   what stock?

[10:54] {Threei}  STT

[10:55] {dptl} where did you got in?

[10:55] {cujo} i believe it was a 19.10 long set up.  

[10:55] {Threei}  [10:46] {Threei} feel bored mags? STT 19.10 long if stays above 18.90

[10:55] {Threei}  wake up dp

[10:55] {Threei}  of lay off vodka that early

[10:55] {cujo} i didn't play :(

[10:56] {dptl} oh ..missed it somehow...

[10:57] {Threei}  lol, 6 cents shy?

[10:57] {Threei}  topped at .64

[10:57] {dptl} oh ..i see ..i got disconected right at this time.... funny

[10:57] {dptl} [07:51] * Disconnected

[10:57] {dptl} [07:51] * Attempting to rejoin channel #discussions

[10:57] {Threei}  yeah, ping timeout

[10:58] {Threei}  your connection slowed down

[10:58] {dptl} must be that russian tv..

[10:58] {Threei}  that and porn sites will do that

[10:59] {dptl} porn at lunch time only..lol

[10:59] {hawkfan4} lol

[10:59] {nemo} slow day

[11:00] {Threei}  DOE CRUDE: +6.1M V +1.3ME

[11:00] {Threei}  oh boy

[11:00] {Threei}  we are swimming in oil

[11:00] {Threei}  GASOLINE: +6.47M V +1.7ME; DISTILLATES: +790K V 0.0E;

[11:00] {nemo} arket tanking

[11:00] {Threei}  and gasioline

[11:01] {nemo} petrol too

[11:01] {Threei}  USO fell of a cliff

[11:01] {cujo} bounce, or too vol?

[11:02] {Threei}  on USO?

[11:02] {cujo} y

[11:02] {Threei}  I hate it, honestly

[11:02] {cujo} got ya

[11:02] {nemo} honesty?

[11:02] {hawkfan4} it is a nasty one

[11:02] {cujo} the stock, the look or both?

[11:02] {Threei}  stock

[11:02] {Threei}  volatility is incredible

[11:02] {cujo} y

[11:02] {Threei}  sometimes worse thanGOOG

[11:03] {Threei}  can lose your shirt faster than say mama

[11:03] {cujo} or momo

[11:03] {Threei}  or that

[11:03] {nemo} rodina

[11:03] {Threei}  faster than dp switching channels when wife walks in

[11:04] {dino} lol

[11:04] {dptl} lol

[11:04] {dino} and she grabs remote and hits previous

[11:04] {KSystems} wouldnt she walk just in and say "Hey, can WE do that please??"

[11:04] {Threei}  no sane woman will try to take remote from a man

[11:05] {fernp} out C +.10

[11:05] {nemo} my puritanical New England upbringing can't take this

[11:05] {Threei}  sheesh... my memory fades obviously

[11:06] {Threei}  totally forgot of the easiest lay off opil numbers

[11:06] {Threei}  look at UAUA, .70 break with stop under .60

[11:06] {Threei}  was that a given or what

[11:07] {ese} L NITE  .01  full lot

[11:07] {nemo} all that talk about porn

[11:07] {Threei}  good one fern

[11:07] {Threei}  a bit too much work but hey

[11:07] {Threei}  profit is profit

[11:07] {fernp} yes, not too much

[11:08] {fernp} slow day

[11:09] {ese} stop .80

[11:09] {Threei}  you obviously skipped STT :)

[11:09] {Threei}  that's my today's cure for boredom

[11:09] {fernp} yes too dangerous for me :)

[11:09] {Onix} what is happening in our GERN Vad?

[11:10] {nemo} triple bottom?

[11:10] {Threei}  you think I have some other quotes, different from yours? :)

[11:10] {larisa} i am creating my list of sane traders, fern  is N1 :)

[11:10] {cujo} Vad, drys, long set up above .20 cents?

[11:10] {Onix} :D

[11:10] {Threei}  yes

[11:11] {Threei}  STT really wants to hit my .70

[11:11] {fernp} ty larisa :)

[11:11] {cujo} in drys .23

[11:12] {Threei}  direct hit

[11:12] {Threei}  +.59 on the last portion

[11:13] {dptl} stop for drys where?

[11:13] {hawkfan4} Laserdave DCC when u can

[11:13] {Threei}  under 12

[11:13] {dptl} ty

[11:15] {Threei}  US HOUSE SPEAKER PELOSI: AIMING TO PASS A BANKRUPTCY REFORM BILLL AT SOME POINT THIS YEAR

[11:16] {Threei}  for scalpers, stop on DRYS is under .10 actually

[11:16] {magoo} entry was?

[11:16] {Threei}  .20... not so much of a call as answer to the question

[11:16] {Threei}  STT... sheesh

[11:17] {KSystems} half out DRY 1:1

[11:17] {KSystems} drys

[11:17] {magoo} yeah..scalped it

[11:18] {cujo} out +.10

[11:20] {Threei}  my job protecting my prominent position among masters of the obvious becomes tougher by day:

[11:20] {Threei}  (CA) BOC'S CARNEY: FINANCIAL MARKET STABILITY REQUIRED FOR A RECOVERY WORLDWIDE

[11:21] {Threei}  no, really?

[11:21] {hawkfan4} more competition for master of the obvious

[11:21] {elepet} still in gern?

[11:21] {Threei}  and what a strong competition

[11:21] {Threei}  no elepet, stopped

[11:22] {elepet} stopped where?

[11:22] {magoo} rimm bounce toime vad?

[11:23] {Threei}  stop was under .30 from the very beginning of the play

[11:23] {Threei}  those who went for 1:1 partial trailed it to under .40

[11:23] {Threei}  those who held for more, got stopped under .30

[11:24] {Threei}  not sure mags... I would feel more secure on .50 break and drop

[11:26] {Threei}  GEITHNER NOMINATION APPROVED BY SENATE PANEL

[11:28] {ese} out NITE at .16 +.15 full lot bee back in an hour and a bit all

[11:30] {KSystems} out gern...puts me red for the day so far

[11:31] {Threei}  15 cents stop?

[11:31] {Onix} join the club KS

[11:31] {KSystems} yeah, but was my only full lot trade today

[11:34] {Onix} Good call on NITE es:)e 

[11:35] {pita} day job calls, see you all later

[11:36] {Threei}  take care pita

[11:36] {larisa} 8000 again

[11:37] {Threei}  and under

[11:39] {cujo} STT short set up if it breaks 19.60 Vad?

[11:40] {dino}   7936, 1136 (gap on ndx), 804 are lows of week

[11:40] {cujo} stt short if breaks 19.60 vad?

[11:40] {larisa} :)

[11:40] {cujo} sry, repeat.  thought i lost connection

[11:41] {Threei}  too far from there cujo

[11:41] {Threei}  stop would have to be too wide

[11:41] {cujo} ahh, underestood

[11:44] {Threei}  US SEN SCHUMER AND SHELBY SEEKING APPROX $110M TO INCREASE STAFF AT SEC, FBI AND DOJ FOR FRAUD INVESTIGATIONS

[11:45] {larisa} may be train existing ones

[11:45] {Threei}  adding jail capacity too?

[11:45] {nemo} they'll investigate but will they do anything?

[11:55] {Threei}  BAC

[11:55] {Threei}  JOHN THAIN HAS AGREED TO LEAVE THE COMPANY IMMEDIATELY WITH THOMAS MONTAG - CNBC

[11:56] {larisa} his driver is sorry, he had 200K+ salary..

[11:57] {dino} feels like i'm stuck in club dead (dead in dixie)

[11:58] {dino} feels like we break weekly lows

[11:59] {Threei}  YHOO: MSFT CEO: STILL INTERESTED IN DOING A SEARCH DEAL BUT NOTHING HAS CHANGED - CONF CALL

[12:02] {nemo} C&H forming on STT?

[12:03] {Threei}  pretty much... .50 break was long trigger but broke while I typed

[12:03] {dptl} Vad would be luv short at .40 if stays below .50?

[12:03] {nemo} yeah, just as I finished typing...about right for today

[12:04] {Threei}  yes dp

[12:04] {dptl} ty

[12:04] {Threei}  watch STT for sharp pullback for long entry, half lot

[12:04] {Threei}  .50 - .60 area

[12:07] {Threei}  in

[12:07] {KSystems} in

[12:07] {cujo} in .57

[12:08] {Threei}  stop under .40

[12:08] {nemo} lower bb is below .40

[12:08] {magoo} in 52

[12:08] {KSystems} .54 here

[12:09] {KSystems} out half .65

[12:10] {Threei}  come on market, little help?

[12:11] {wishbone} laserdave DCC please

06[12:12] * wishbone slaps laserdave around a bit with a large trout

[12:13] {Threei}  half out .8

[12:14] {Threei}  stop to under .5

06[12:14] * dino slaps wishbone around a bit with a large trout

[12:14] {Threei}  market spike is coming

[12:15] {Threei}  unless I am totally submerged in wishful thinking

[12:15] {magoo} out 89 beauty vad:)

[12:15] {dptl} out +.30 ty

[12:15] {Threei}  ummm

[12:15] {Threei}  welcome of course

[12:15] {Threei}  but don't call me that

[12:15] {cujo} thanks vad

[12:15] {KSystems} is it done?

[12:15] {cujo} got out on 1:1

[12:15] {Threei}  IMO... no

[12:15] {Threei}  it's bound to break 21

[12:16] {dino} gtxi

[12:16] {Threei}  or wishful thinking again :)

[12:18] {cujo} Vad  UAUA?

[12:18] {Threei}  too late

[12:18] {cujo} yeah

[12:18] {Threei}  not chasing such sharp spikes

[12:18] {cujo} kinda thought i missed the boat

[12:18] {Threei}  (RU) FITCH NOTES RUSSIA'S SOVEREIGN RATINGS COULD BE CUT IF ITS FX RESERVES FALL FURTHER

[12:19] {cujo} BAC?

[12:20] {Threei}  I don't want to touch this POS

[12:20] {Threei}  not with 10 ft pole

[12:20] {cujo} ha ha ha BAC=POS

06[12:25] * Threei kicks STT in the rear with steel-toed heavy duty army boots

[12:25] {magoo} u have some left?

[12:26] {Threei}  just 300

[12:26] {dino} gtxi pain

[12:26] {Threei}  with almost b/e stop and most of profits booked, want to give it some breathing room

[12:26] {Threei}  hmmm... was it rear? or I confused sides

06[12:27] * Threei turns STT over and kicks it again

[12:28] {Threei}  it should wear a pin or something

[12:28] {Threei}  can't tell front from rear

[12:29] {magoo} u have to smell both ends vad

[12:29] {Threei}  sigh

[12:29] {Threei}  advice I get

[12:29] {hawkfan4} lol

[12:29] {Threei}  I would understand this coming from cujo or dawg...

[12:32] {magoo} well mr magoo can't see so well..heightned senses here

[12:34] {Threei}  market picks up

[12:35] {dino} gtxi resistrictions on teremifene cancer drug

[12:36] {Threei}  oh come on STT

[12:36] {magoo} really

[12:36] {Threei}  out 200 more

[12:37] {Threei}  just 100 left, more like a game

[12:37] {Threei}  will it... will it not....

[12:38] {Threei}  nope, not wishful thinking... reality... loud and clear

[12:38] {Threei}  out last shares

[12:38] {Threei}  .25

[12:39] {Threei}  +.70 or something

[12:39] {cujo} nice trade

[12:39] {magoo} out .31 here TY

[12:39] {Threei}  :)

[12:39] {Threei}  ks?

[12:39] {magoo} i reloaded after asked u if u were in

[12:39] {KSystems} scalped at .65 :(

[12:39] {magoo} from .77

[12:40] {magoo} so beauty vad :)

[12:40] {Threei}  sigh

[12:40] {magoo} and u know i said that on purpose

[12:40] {Threei}  I am scared to ask what the purpose is....

[12:41] {Threei}  and if you go to Bahamas, I cancel

[12:42] {magoo} feels like 25 nbext boss

[12:42] {magoo} withh some help

[12:42] {Threei}  25?

[12:42] {magoo} of course

[12:42] {Threei}  it has 22, 23 and 24 before that :)

[12:42] {magoo} oh DUH

[12:42] {magoo} 22

[12:42] {Threei}  lol

[12:43] {Threei}  now... THAT'S wishful thinking

[12:45] {Threei}  and magoo... stop dccing me qith this inquiry, for the 1000th time: I am NOT trading in my tutu

[12:45] {magoo} WHAAAA???

[12:45] {dino} nasty that you even have one

[12:46] {cujo} what is tutu?

[12:46] {magoo} whats a tutru?

[12:46] {Threei}  I don't dino... someone left it after hawaiian party

[12:46] {cujo} ohh skirt.

[12:46] {Threei}  grass skirt

[12:47] {dino} denial is a river in egypt

[12:47] {KSystems} oh the one you're always trading with?

[12:47] {Threei}  sigh

[12:47] {Threei}  abuse I take

[12:47] {patience} toile vad, not grass

[12:47] {Threei}  I don't even know what toile is

[12:48] {hawkfan4} sounds like French for toilet

[12:48] {Threei}  lol

[12:48] {Threei}  did I start all this?

[12:48] {hawkfan4} u did

[12:48] {patience} damn, on the treadmill and slw jumping, gotta scalp it

[12:48] {Threei}  nah, must be magoo's fault

[12:49] {hawkfan4} GS, finnies rallying a bit

[12:49] {dino} the problems patience must deal with

[12:49] {Threei}  STT really wants 22

[12:49] {magoo} out STT .57 gfrom .20

[12:50] {Threei}  wtg mags

[12:50] {ese} YO!   am back for a bit

[12:50] {Threei}  wb ese

[12:50] {dptl} in.21 out .61 stt

[12:50] {Threei}  dp :)

[12:51] {Threei}  this is kind of things giving me the most moral satisfaction... you guys seeing these setups and taking them on your own

[12:51] {magoo} beat me dpp:)

[12:52] {Threei}  if only magoo stopped asking me for a photo of me in tutu...

[12:53] {magoo} WHA THEEEEEE??

[12:55] {Threei}  'ally

[12:55] {Threei}  well... 15 points NQ...

[12:55] {Threei}  not 'eally 'ally

[12:56] {Threei}  but these days I'll take even that

[12:56] {Threei}  endless selling pressure is tiresome

[12:59] {magoo} brb

[13:03] {Threei}  while there are no clear trades,

[13:04] {Threei}  I decided to try and make a very banal photo, with high degree of platitude

[13:04] {Threei}  http://www.flickr.com/photos/36948132@N00/3217633575/

[13:04] {Threei}  succeeded?

[13:04] {nemo} {&Threei}  if only magoo stopped asking me for a photo of me in tutu...

[13:04] {Threei}  no, not that

[13:04] {nemo} you mean you have one?  scares me more?

[13:06] {nemo} phewww...you take that?

[13:06] {Threei}  yes... who else

[13:06] {nemo} what kind of guitar?

[13:07] {Threei}  hmmm... what kinds are there?? :)

[13:07] {nemo} Martin Dreadnought?

[13:08] {Threei}  you'd have to ask my son... it's his

[13:08] {hawkfan4} i have that Nemo

[13:08] {nemo} you have a dreadnought hawk?

[13:08] {hawkfan4} yep

[13:08] {nemo} kewl...

[13:09] {nemo} the stradivarius of guitars

[13:09] {fernp} I like the photo, Vad

[13:09] {nemo} yeah, makes me think flamenco for some reason

[13:10] {Threei}  ty fern... technically, it's good... theme is... ummm... :)

[13:10] {nemo} oh, shipped those Butchard pictures around to oohhs and ahhhs

[13:10] {fernp} Did you use photoshop? ...Probably yes :)

[13:11] {Threei}  sure

[13:11] {Threei}  isolation on white

[13:11] {Threei}  some cleanup of the glossy deck wqhich always has some fingerprints on it

[13:11] {fernp} nice result

[13:14] {Threei}  NQ looks like dropping to 1150 before bouncing... which gives us RIMM roughly 51.50 area for bounce scalp

[13:16] {nemo} stt setting up again?  

[13:16] {Threei}  I am not sure about it... could bounce, could drop...

[13:17] {nemo} definite maybe...

[13:17] {Threei}  I would prefer much deeper pullback before getting interested again

[13:18] {nemo} ty

[13:18] {Threei}  notice how it lost connection with market

[13:18] {Threei}  while it moved in unison, wqe had a leading indicator for it

[13:19] {Threei}  now that it started ticking on its own merit, the only conclusion I can make is, it's tired, needs fresh influx of buyers, and deep pullback is the only way to create just that

[13:20] {Threei}  more accurate would to say: the only way tbhat I could read

[13:20] {Threei}  DRYS

[13:20] {Threei}  HEARING JEFFERIES REITERATE BUY RATING (TIMING UNCERTAIN)

[13:20] {Threei}  Jefferies stuck from 70s?

[13:21] {Threei}  my sympathies... but I am not in a hurry to bail them out

[13:22] {magoo} back

[13:24] {hawkfan4} lol, dueling analysts : 13:20   DRYS DryShips: Hearing DRYS downgraded to Sell at Cantor  (39.71 -0.33)  -Update-

[13:24] {Threei}  Cantor shorted at 4?

[13:25] {Threei}  lok how willing STT is

[13:37] {hawkfan4} GS nice consolidation

[13:40] {Threei}  STT

[13:40] {magoo} nice alert hawk

[13:40] {magoo} caugt .50

[13:40] {Threei}  21 break half lot if holding .85

[13:40] {KSystems} in

[13:40] {magoo} out here .98

[13:40] {hawkfan4} nice mags, .47

[13:40] {magoo} ty bro

[13:41] {hawkfan4} :) cool

[13:41] {Threei}  1:1 in a hurry

[13:41] {Threei}  wow, nice catch GS guys

[13:42] {KSystems} STT just a scalp?

[13:42] {Threei}  1:2

[13:42] {Threei}  just take profit

[13:43] {cujo} nice call vad

[13:43] {cujo} thanks

[13:43] {Threei}  lunch time money

[13:43] {cujo} ;)

[13:43] {Threei}  GTXI

[13:43] {Threei}  HEARING DEFENDED AT WACHOVIA (TIMING UNCERTAIN)

[13:44] {cujo} Hawk, nice GS call.

[13:44] {hawkfan4} thx cujo

[13:46] {magoo} we got a dawg, a hawk, allz we need in room is a beaver '

[13:46] {dawg} lol

[13:47] {Threei}  don't forget camelot

[13:47] {Threei}  cujo is not for faint heart either

[13:47] {KSystems} STT out .17 and .30

[13:47] {cujo} ;)

[13:47] {Threei}  wtg ks

[13:47] {KSystems} thank you :)

[13:47] {cujo} nice KS

[13:48] {dptl} in.17 out.46 stt

[13:48] {Threei}  on retracement?

[13:48] {dptl} yep

[13:49] {Threei}  :)

[13:49] {hawkfan4} out GS .81, +1.34

[13:49] {Threei}  wow

[13:49] {cujo} nice!!!

[13:49] {hawkfan4} lucky, sat thru a big retrace

[13:49] {patience} very nice hawk

[13:49] {hawkfan4} thx :)

[13:50] {dptl} nice...beer is on you Hawk :)

[13:50] {cujo} that would have driven me nuts

[13:50] {hawkfan4} lol, only if i spill

[13:52] {Threei}  with any more help from market STT aims for 22

[13:53] {Threei}  .65 big offer to take

[13:53] {Threei}  MSFT

[13:53] {Threei}  CFO: AIMS TO INCREASE STAFFING IN SEARCH, MOBILE PHONE SOFTWARE, CLOUD COMPUTING

[13:53] {Threei}  - expects some executives to leave the company, won't specify who; some projects will be canceled

[13:53] {Threei}  wow... MSFT is reinventing itself

[13:54] {Threei}  setups is structuring itself practically

[13:54] {Threei}  .50 - .65 STT

[13:55] {Threei}  with .65 being a trigger

[13:55] {Threei}  invalidated

[13:55] {Threei}  for now

[13:58] {Threei}  watch RIMM too, pullback entry under .50

[13:58] {Threei}  in synch with NQ

[14:00] {magoo} i hit .64

[14:00] {magoo} mkt started up

[14:00] {Threei}  on RIMM?

[14:00] {magoo} yup

[14:00] {Threei}  stop under .50 then

[14:00] {Threei}  PRESIDENT OBAMA AID: PRESIDENT TO MAKE DECISION ON A LARGER ECONOMIC PACKAGE SOON

[14:01] {Threei}  STT changes on the go... better play is aggressive entry if market spikes

[14:02] {Threei}  took .46

[14:02] {magoo} .50 here

[14:02] {Threei}  things are fast and furious

[14:02] {Threei}  half out .65

[14:03] {magoo} out .88 TY

[14:03] {Threei}  welcome

[14:03] {Threei}  half out RIMM

[14:03] {Threei}  or scalp

[14:04] {magoo} scalpin

[14:04] {magoo} out 99

[14:04] {magoo} ty both

[14:04] {magoo} u beatuful

[14:04] {Threei}  eeck

[14:04] {Threei}  definitely tell me if you plan to attend Bahamas

[14:05] {Threei}  STT pulled back right into .50 support

[14:05] {magoo} WOW i got 88 on stt..was laid out there

[14:05] {magoo} look top

[14:06] {magoo} no speedo on u alease

[14:06] {nemo} too visceral mags

[14:06] {Threei}  I'll make sure to wear knight armor if you go

[14:06] {nemo} tutu

[14:06] {Threei}  alternatively, I'll change destination to Antarctica

[14:06] {nemo} shrivel effect

[14:08] {Threei}  .50 break again

[14:08] {Threei}  break only

[14:08] {nemo} on STT?

[14:08] {Threei}  yes

[14:08] {Threei}  stp .35

[14:08] {Threei}  stop

[14:09] {nemo} half or full

[14:09] {Threei}  depends on your risk tolerance and execution speed

[14:09] {Threei}  fast stock

[14:09] {nemo} slow nemo

[14:10] {Threei}  need .50 seller to get cleared

[14:10] {magoo} mkt pulkking back too

[14:10] {Threei}  yes, but STT is holding close to resistance

[14:11] {Threei}  so still good for break

[14:11] {nemo} is that a cross between pulling and puking mags?

[14:11] {magoo} roflol

[14:12] {KSystems} in STT

[14:12] {Threei}  give up already ARCA

[14:12] {Threei}  break only KS

[14:13] {magoo} in

[14:13] {Threei}  sheesh... now .55 seller to clear

[14:13] {dptl} oh look at .55 offer

[14:13] {cujo} in.55

[14:14] {ese} off to give an exam.....see ya tomorow....anybody want to take my math exam ehhhhhhhh?

[14:14] {Threei}  big offers get taken

[14:14] {cujo} stopped

[14:14] {Threei}  hope buyers don't run out of juice prematurely

[14:14] {Threei}  why stopped?

[14:14] {Threei}  never lost support

[14:15] {Threei}  only touched it very briefly

[14:15] {cujo} had stop at .35

[14:15] {Threei}  auto?

[14:15] {cujo} what level should it have ben at?

[14:15] {cujo} manual

[14:15] {cujo} too close?

[14:15] {Threei}  now it's stopped

[14:15] {Threei}  let's let it chill out a bit

[14:16] {nemo} glad I missed it

[14:16] {Threei}  it can't decide wither it's coming or going

[14:16] {nemo} it's been going a long time

[14:16] {nemo} big offer at .49

[14:18] {nemo} whoa blasted through

[14:18] {Threei}  hard to read this

[14:19] {dino} ndx green

[14:19] {nemo} looks like the final stages of..ahhh...eh..mmmm.intimacy, yeah, intimacy.

[14:22] {magoo} pretty good turn around from 266 down

[14:22] {Threei}  does it quite often lately

[14:23] {Threei}  frightening drop, then stunning recovery

[14:23] {hawkfan4} it's the DRYS of the financials

[14:24] {Threei}  lol

[14:25] {Threei}  CA) CANADIAN PM AIDE: DEFICIT TO BE APPROX C$34B IN 2009, DEBT/GDP RATIO FORECASTED AT 28% IN 2010

[14:27] {magoo} 22 comith..but risky

[14:33] {wishbone} .

[14:33] {nemo} ?

[14:33] {magoo} ..

[14:34] {Threei}  poor chaeron

[14:34] {Threei}  he sweeps the floor after hours

[14:34] {nemo} I thought he pilote the boat

[14:34] {nemo} piloted

[14:34] {Threei}  he is multitasking

[14:35] {nemo} RIMM?

[14:35] {nemo} too late

[14:37] {Threei}  .60 break STT

[14:37] {Threei}  ughh'

[14:37] {Threei}  late

[14:38] {magoo} missed that one

[14:38] {nemo} you need voice activated typing

[14:38] {nemo} that understands ukranian accent

[14:38] {Threei}  YHOO

[14:38] {Threei}  SUSPENDS ANNUAL PAY RAISES FOR ALL WORKERS - CNBC

[14:39] {nemo} pink slips next

[14:40] {cujo} any trade if drys pulls back?

[14:40] {Threei}  nah

[14:40] {Threei}  DRYS has no mojo today

[14:41] {Threei}  US) REPORTEDLY US HOUSE PANEL HAS APPROVED $3B IN INTERNET SPENDING AS PART OF STIMULUS BILL

[14:41] {Threei}  what does that mean?

[14:42] {hawkfan4} for porn sites

[14:42] {Threei}  oh

[14:42] {hawkfan4} :)

[14:42] {nemo} infrastructure improvement

[14:42] {cosmo} education

[14:42] {Threei}  porn ed?

[14:43] {nemo} I refrained

[14:44] {cosmo} me too

[14:45] {wishbone} what's porn?

[14:45] {Threei}  I wondered myself

[14:45] {cosmo} 101

[14:45] {wishbone} it won't come up in my charts

[14:46] {wishbone} haha lol

[14:46] {KSystems} ok we need a CEO with guts...

[14:46] {nemo} we need adult supervision

[14:46] {cosmo} from space

[14:46] {wishbone} looks like it nemo

[14:48] {magoo} he he..yeah symbol porn

[14:48] {larisa} not all the way to 8000 please

[14:49] {nemo} Larisa or Patience have to step up and take control

[14:50] {magoo} about an 80 point drop here dow

[14:50] {Threei}  nice STT dump

[14:50] {nemo} RIMM too

[14:51] {larisa} nemo, if I kill your demons, your angels will die too, so just try not to be too .. bad ? :) 

[14:52] {Threei}  that's deep

[14:52] {larisa} very

[14:52] {nemo} not many would answer that way...interesting

[14:55] {wishbone} deep thought: If you drop your keys in a river of molten lava..........kiss them goodbye, cause man.....they're gone!

[14:56] {Threei}  wow... this is just a wisdom overboard today here

[14:56] {nemo} yeah one-eyed people in the kingdom of the blind.

[14:56] {Threei}  I feel grossly inadequate

[14:56] {hawkfan4} lol wish

[14:56] {magoo} just remember...early bird gets the worm...BUT second mouse gets the cheese

[14:57] {nemo} first mouse gets the trap...

[14:57] {Threei}  lol

[14:57] {nemo} Actually, had major problems with mice eating the cheese without tripping the traps.  Had to balance one corner on a stack of pennies...that did it.

[14:58] {patience} double bottom on slw, we'll see if it bounces up

[14:58] {cosmo} so ... it would be better to come back as a bird?

[14:59] {Raven} {}

[14:59] {nemo} yeah, see the world as targets, cosmo.

[14:59] {Threei}  why would you want to come back at all

[14:59] {Raven} to turn out the lights?

[15:00] {Threei}  I'd just flip the switch on exit

[15:00] {Raven} plan ahead

[15:01] {cosmo} i'll take mine with me

[15:01] {Threei}  switch?

[15:01] {cosmo} lights

[15:01] {dptl} lol..you guys....

[15:04] {magoo} big night tonight...GOOG reports

[15:04] {magoo} usually swings 40 points...no kidding

[15:05] {larisa} magoo, did you uplay AAPL yest ?

[15:06] {larisa} after close I mean

[15:06] {magoo} no...i usually do...but could not get a feel for it

[15:06] {larisa} k

[15:06] {magoo} i was off yesterday..remember all my complaining he he

[15:07] {dino} bmrn

[15:07] {Threei}  GOLDMAN SACHS SUGGESTS US TREASURY MAY NEED TO BORROW UP TO $2.5T

[15:07] {nemo} FROM WHOM!!!???

[15:07] {Onix} from whom?

[15:07] {nemo} too funny

[15:08] {nemo} actually...not funny

[15:08] {Onix} great minds think alike :D

[15:09] {nemo} or require institutionalization

[15:09] {hawkfan4} looks like Cantor won the battle of the analysts on DRYS

[15:09] {Onix} :)

[15:09] {Threei}  lol

[15:10] {tomg} ebay short setup, vad?

[15:11] {Threei}  I wouldn't tom... it's locked in too narrow range

[15:11] {tomg} ty

[15:11] {Threei}  just cvan't tell whether it breaks for real if does, or immediately snaps back into range

[15:12] {Threei}  serious dump DRYS

[15:12] {tomg} yeah, i was thinking at about .70

[15:12] {cujo} what about long MSFT if holds .23?

[15:13] {Threei}  I hate MSFT

[15:13] {cujo} i ahve an ability to pick stocks you hate ;)

[15:14] {Threei}  wow

[15:14] {Threei}  DRYS is getting a bit overdone

[15:15] {Threei}  poor jefferies

[15:16] {dptl} have a good evening all

[15:16] {Threei}  take care dp

[15:16] {hawkfan4} u2 dp

[15:16] {magoo} STT held remarkably well

[15:16] {dino} cya dp

[15:16] {wishbone} take care dp

[15:16] {cujo} drys still on the move

[15:16] {KSystems} drys more blood ...

[15:16] {magoo} bye dp

[15:17] {Threei}  panic

[15:17] {cujo} next support 9.40?

[15:19] {Threei}  .40 break if holding .25

[15:19] {Threei}  half lot naturally

[15:20] {magoo} out ,50 TY

[15:21] {magoo} i was skeered

[15:21] {cujo} know that feeling

[15:23] {Threei}  half out .70

[15:24] {KSystems} partialed out half at .55, quart at .70

[15:24] {Threei}  :)

[15:24] {KSystems} rest out

[15:25] {KSystems} in the past i let profit evaporate too easily i guess

[15:25] {KSystems} expensive mistakes that were

[15:25] {Threei}  missed STT dive under 21

[15:28] {Threei}  CHRYSLER TO ANNOUNCE "MAJOR NEW INSCENTIVES" TO BOOST SALES - WSJ

[15:28] {Threei}  nope... still Nissan here

[15:30] {Threei}  1/4 more out .77

[15:30] {Threei}  wow

[15:30] {Threei}  UAUA

[15:31] {Threei}  what happened there?

[15:32] {hawkfan4} don't see news

[15:33] {Threei}  neither do I

[15:33] {Threei}  and it's not like USO did something particularly remarkable last 20 min

[15:36] {Threei}  .60 break DRYS isd gholding .50

[15:36] {Threei}  if

[15:38] {KSystems} probably not...

[15:38] {Threei}  changes to .40 - .50 rather

[15:38] {KSystems} .50 break?

[15:39] {Threei}  noty holding .40 anyway

[15:40] {cujo} missed STT 20.90

[15:40] {dino} 3:40

[15:41] {magoo} oh oh 3:540

[15:42] {dino} 50 pts so far

[15:43] {Threei}  gotta keep an eye on UAUA... maybe getting its mojo back

[15:44] {dino} 60

[15:45] {Threei}  no way to alert in time but if you got the idea of the play, you would take .40 break on DRYS with stop under .30

[15:45] {Threei}  had big offer there too

[15:45] {wishbone} bye all

[15:45] {Threei}  take care wish

[15:47] {dino} 75

[15:47] {magoo} vad..u taking 500 shares goog here into call?

[15:47] {Threei}  huh?

[15:48] {Threei}  I am not eve putting it on my screen

[15:48] {magoo} come on..u gotta watch

[15:49] {cujo} the guy behind me is trading it.. 

[15:50] {Threei}  I am afraid even to ask where you are

[15:50] {Threei}  I mean I am not sure I want to know

[15:50] {cujo} ha ha ha

[15:50] {cujo} not that exciting of place. 

[15:50] {cujo} unfort

[15:51] {Threei}  ummm

[15:51] {cujo} come on drys

[15:51] {Threei}  place where people trade GOOG can't be not that exciting

[15:51] {Threei}  monitors flyiong... walls splashed with ink and blood of sacrificed chicken...

[15:51] {cujo} ha ha ha

[15:52] {Threei}  windows regularly broken by bodies

[15:52] {cosmo} sounds like a goog evening

[15:53] {Threei}  another day in the office

[15:53] {Threei}  successfully cujo?

[15:53] {cujo} ehh 50/50

[15:53] {cujo} him or me?

[15:53] {Threei}  him

[15:53] {Threei}  unless you trade GOOG too

[15:54] {cujo} nah

[15:54] {Threei}  ummm... why then

[15:54] {cujo} he is ok

[15:54] {Threei}  ah, OK

[15:54] {cujo} i don't trade it

[15:54] {KSystems} Vad taking the risk that my question sounds funny, is GOOG so much different from "ours" if you just watch trading size?

[15:54] {Threei}  it is

[15:54] {Threei}  watch it trading

[15:54] {Threei}  you'll see

[15:54] {KSystems} ok

[15:54] {Threei}  even with 100 shares you can get get hurt beyong recxognition in not time

[15:55] {magoo} me and laser used to bang on GOOG

[15:55] {Threei}  hmmm

[15:55] {Threei}  isn't it very private information, between you and laser

[15:57] {magoo} sorry i guess..not really anything specific given there

[15:58] {Threei}  does it usually announce right after?

[15:58] {Threei}  or I have to wait 30 minutes again?

[15:58] {magoo} yeah

[15:58] {magoo} 40 points just no way of knowing which way

[15:58] {hawkfan4} i think goog is right away

[15:58] {magoo} i believe it is too 

[15:59] {magoo} yesterday i guessed UP aapl

[15:59] {magoo} i think UP gun to head..not trading it

[15:59] {Threei}  shortable

[15:59] {Threei}  so can play both ways

[16:00] {magoo} prob w/GOOG is its up 20+ points from yesterday already

[16:00] {fernp} good evening all

[16:01] {Threei}  take care fern

[16:01] {Threei}  well

[16:01] {Threei}  let's watch

[16:01] {magoo} up 21

[16:01] {Threei}  REPORTS Q4 $5.10 V $4.95E, R$ (EX-TAC) V $4.11BE

[16:02] {Threei}  lol

[16:02] {Threei}  I just made 500 bucks on GOOG magoo

[16:02] {Threei}  this is your fault

[16:02] {cujo} nice

[16:02] {Threei}  315 in

[16:02] {cujo} ha ha ha

[16:02] {Threei}  319.99 out

[16:02] {Threei}  100 shares

06[16:03] * magoo slaps &Threei around a bit with a large roll of cash

[16:03] {cujo} are you really in good?

[16:03] {cujo} goog

[16:03] {Threei}  [16:02] {Threei} 315 in

[16:03] {Threei}  [16:02] {Threei} 319.99 out

[16:03] {hawkfan4} nice vad

[16:03] {cujo} nice

[16:03] {Threei}  so not in anymore

[16:03] {magoo} u DOG

[16:03] {cujo} got ya

[16:04] {Threei}  what a pure gambling

[16:04] {Threei}  look at it tanking

[16:04] {Threei}  could do that just as easily with me onboard

[16:04] {magoo} i saw 325

[16:04] {nemo} whoa...guess you'll have to inclue yourself in the group.huh vad

[16:04] {Threei}  yes, but I bought on pullback, after that

[16:04] {larisa} what for ? :)

[16:05] {Threei}  that completed very good day

[16:05] {Threei}  making if very very good

[16:05] {cujo} yeah, thanks again Vad.  See you tomorrow. 

[16:05] {Threei}  thank you all

[16:05] {larisa} later guys :)

[16:05] {Threei}  have a great evening

[16:05] {Threei}  see you tomorrow

[16:05] {nemo} How's the arm

[16:05] {KSystems} Thank you :) I will miss first few hours tomorrow

[16:05] {hawkfan4} u2

[16:05] {magoo} u topo vad

[16:05] {KSystems} join you later then

[16:05] {Threei}  thank you nemo, just fine

[16:05] {magoo} too

[16:05] {Threei}  I exercise it regularly

[16:06] {Threei}  ok KS

[16:06] {Threei}  we will miss you

[16:06] {KSystems} lol

[16:06] {KSystems} that i doubt

[16:06] {Threei}  I promise

Jan 21 2009

Lukewarm start of the day (4 trades, 2 wins 2 stops) was sudden;y followed by a very strong performance. Some of usual suspects (DRYS is impossible to omit) plus some unlikely trading candidates like STT made the day nicely profitable.

 

Session Time: Wed Jan 21 00:00:00 2009

[08:00] {cujo} good morning all. 

[08:11] {Threei}  good morning

[08:12] {cujo} morning

[08:14] {magoo} morning

[08:15] {Threei}  cujo, magoo :)

[08:17] {Threei}  BALTIC DRY BULK INDEX +3.2%, A SECOND STRAIGHT ADVANCE

[08:21] {nemo} Gruestig, mornin'

[08:21] {Threei}  nemo :)

[08:22] {magoo} just missed drus move

[08:22] {nemo} look @ stt

[08:22] {magoo} i believe AAPL after bell ...any other biggies vad?

[08:22] {magoo} what about STT?

[08:23] {nemo} DCB from yesterday's debacle

[08:23] {Threei}  01/21/09 01:25am

[08:23] {Threei}  [STT] State Street Corp "Heard on the Street" looks at STT's bond-related losses and capital levels

[08:24] {Threei}  - The article comments on STT's higher than expected losses. The company had mark-market losses of $6.3B in Q4, which was well above Morgan Stanley's estimate. In addition, STT reported higher paper losses on its bond holdings.

[08:24] {Threei}  - Citigroup and JP Morgan also reported large paper bond losses in Q4. The system-wide bond losses by banks could show that there is a lack of appetite for certain types of bonds, such as corporate bonds.

[08:24] {Threei}  - WSJ notes that Obama's administration may have to increase the Fed's commitments to buy bonds and possible expand the types of bonds that the Fed can buy.

[08:24] {Threei}  - With respect to State Street's capital levels, the company has a Tier 1 capital ratio of 20.5%, but its tangible common equity as a percentage of tangible assets, including off-balance sheet vehicles, is 1.05% of assets.

[08:26] {patience} gm RT

[08:26] {Threei}  patience :)

[08:26] {larisa} good morning :)

[08:27] {Threei}  latisa :)

[08:27] {Threei}  ummm

[08:27] {Threei}  t=r

[08:27] {Threei}  I guess

[08:27] {elepet} good morning to all.

[08:27] {Threei}  elepet :)

[08:27] {larisa} threei, elepet :)

[08:28] {elepet} I figured out what 1:1 means. slowly learning. What is link to Baltic dry bulk index?

[08:29] {Threei}  link?

[08:29] {Threei}  I don't think there is any

[08:29] {Threei}  at list not real time

[08:30] {Threei}  or you mean explanation what it is?

[08:31] {elepet} so how do you find out information? I think you once mentioned it here. I did find out what it is.

[08:31] {Threei}  I have real time news feed

[08:41] {KSystems} elepet you may find a good explanation of what the Baltic Dry Index is at http://en.wikipedia.org/wiki/Baltic_Dry_Index

[08:44] {pita} Hello everyone, been awhile since I visited.....

[08:44] {Threei}  hi pita, welcome back

[08:44] {cujo} hello

[08:45] {pita} hi cujo, ty Vad

[08:49] {hawkfan4} good morning all

[08:49] {Threei}  hawk :)

[08:51] {magoo} anyone know who of significance reports after bell ? i believe AAPL

[08:52] {elepet} I did that already. have a list of others besides drys and am holding one or two for medium long term. 

[08:52] {Threei}  EBAY mags

[08:53] {pita} AAPL at 4:30 est, I believe

[08:54] {cujo} http://biz.yahoo.com/research/earncal/20090121.html

[08:54] {magoo} AAPL always good for 20 point move

[08:54] {cujo} I use Yahoo for earnings Cal.  Not sure if it is what you are looking for. 

[08:54] {magoo} never know which way tho

[08:54] {magoo} IBM went up 5 last nite

[08:55] {magoo} dow been down last 9 of 10 correct?

[08:56] {elepet} SST  pre market. up quite a bit.

[08:56] {magoo} TY btw 

[08:57] {nemo} stt (echo,echo,echo)

[08:58] {magoo} if OIF we are to move up today...GS is the mkt tell

[08:58] {elepet} oh yes. not typing so good this morning. pretty early.

[08:59] {Threei}  PALM is trying to chew through 8 time and again

[09:00] {magoo} 8.30 arra turned it back 2 sessions ago i believe

[09:00] {KSystems} Good morning!

[09:01] {nemo} Gruess Gott Herrn K!

[09:04] {Threei}  ks :)

[09:07] {dptl} gm all

[09:07] {Threei}  dp :)

[09:07] {gen} gm all

[09:07] {Threei}  gen :)

[09:08] {Onix} gm all

[09:09] {Threei}  onix :)

[09:09] {KSystems} nemo how's your trouting?

[09:09] {KSystems} did it work?

[09:09] {nemo} nope

[09:10] {Threei}  I guess someone up there doesn't want you to be armed

[09:10] {nemo} I reinstalled the whole shbang.  nuttin'  Leaves me kinda empty. :(

[09:10] {nemo} I'll settle for coffers full of money

[09:11] {fernp} Hello everybody

[09:11] {Threei}  fern :)

[09:11] {magoo} so u are vulnerable nemo?

[09:11] {Threei}  nemo... duck

06[09:12] * magoo slaps nemo around a bit with a large big grinn knowing retaliation not an option

[09:12] {ese} morning.....

[09:12] {Threei}  ese :)

[09:12] {Threei}  gen... dcc please

[09:13] {nemo} I use a Nightforce magoo and practice at 1000 yds.

[09:14] {nemo} Well, not in all this snow

[09:15] {Threei}  yesterday's high is 14.05 for DRYS

[09:16] {Threei}  on some openings it rallies like crazy, on some it makes a steep pullback, then big bounce

[09:17] {Threei}  can't really tell which scenario develops today... I would love big pullback

[09:17] {Threei}  over last week or so it pulled back from 17+ highs on decreasing volume, looks like bull flag on daily

[09:18] {Threei}  but the gap is already too big

[09:18] {Threei}  so, most likely let's go with pullback scenario and try to catch it if materializes

[09:19] {Threei}  if no pullback, let's watch for opening range break

[09:20] {cujo} what price would signal a pullback?  around 13.95 on increasing vol?

[09:20] {Threei}  that's a bit too shallow for a pullback

[09:21] {Threei}  if 13.95 is all it can do on the downside, than opening range break is the way to go

[09:21] {cujo} ok, keeping eyes open. 

[09:21] {cosmo} PALM

[09:21] {cosmo} tests

[09:22] {dino} gm

[09:23] {magoo} on drys..it should hit 15 if breaks up..psattern is to run much farther than scalp

[09:23] {Threei}  dino :)

[09:23] {Threei}  very true mags

[09:24] {Threei}  PALM... .30 - .40 zone is highs of two days

[09:25] {Threei}  usually it forms nice solid consolidation before break and run

[09:25] {cosmo} including open breaks?

[09:25] {Threei}  so, if this one wants to continue its rally, I would think we will have enough of advance warning

[09:26] {Threei}  not sure cosmo, did't track open breaks on it

[09:26] {cosmo} seems like its been years...

[09:28] {Raven} it has ...

[09:29] {Threei}  lol

[09:30] {cujo} Drys moving lower

[09:30] {Threei}  13.60 or so, I am interested in pullback

[09:31] {Threei} Long Setup:  PALM  8 break if holding above 7.85

[09:31] {Threei}  scalpers can keep stop under .90

[09:31] {KSystems} in

[09:31] {fernp} in

[09:31] {magoo} in

[09:33] {cujo} in

[09:33] {Threei}  stop to under .90 in any case

[09:33] {elepet} in

[09:34] {Threei}  8.05 becomes critical level

[09:35] {Threei}  no worky

[09:35] {KSystems} out

[09:35] {fernp} stopped

[09:35] {cujo} stopped

[09:36] {Onix} what you ean by 8.05 is critical level on PALM Vad?

[09:36] {Threei}  it tested it twice

[09:37] {Threei}  became a resistance defining the future of the trade

[09:37] {ese} bstop WGOV. 24.50 1/2

[09:38] {Onix} ty

[09:38] {Threei}  DRYS losing support

[09:41] {ese} wgov  invalidated

[09:45] {ese} HBHC dino?

[09:45] {Threei} Long Setup:  DRYS  .65 break half lot if stays above .50

[09:45] {magoo} any read RIMM ?

[09:45] {KSystems} in

[09:46] {Threei}  RIMM, want deeper pullback

[09:48] {Threei}  DRYS 1 cent shy of 1:1? come on

[09:52] {Threei}  DRYS over 1:1

[09:53] {dino} hbhc blood

[09:53] {KSystems} half out .81

[09:53] {Threei}  stop to under .60

[09:54] {Threei}  and try to exit second half around 14

[09:54] {Threei}  offer .96 - .97

[09:54] {Threei}  out

[09:55] {Threei}  ks?

[09:55] {KSystems} DRYS - in .66 - out 1/2 .81 - out rest .97

[09:55] {Threei}  good

[09:55] {Threei}  between PALM and DRYS, we may have stayed in bed just as well {G}

[09:56] {ese} l hbhc .75

[09:56] {ese}  1/2

[09:56] {ese} sorry thats 25.78

[09:57] {ese} out .12 

[09:57] {ese} +.34

[09:58] {ese} dino your my idol man!!

[09:59] {Onix} ty Vad, i got 30c in DRYS

[09:59] {ese} went long after that first reversal on 1min chart high was .76 got .78....you live a dangerous life though

[09:59] {Threei}  :)

[09:59] {Threei}  nice one ese

[10:00] {magoo} is there a breakout play DRYS?

[10:00] {Threei}  14 break is obvious setup on it

[10:00] {Threei}  hate the way it pulls back though

[10:01] {Threei}  it's usually fine when there is a real momop

[10:01] {Threei}  momo

[10:01] {Threei}  but it's a bit labored today

[10:02] {nemo} stt 

[10:02] {dino} gj es

[10:04] {ese} tks dino

[10:04] {dino} idcc

[10:05] {ese} indeed

[10:05] {ese} where....

[10:05] {Threei}  GE

[10:05] {Threei}  MOVES BELOW NOVEMBER LOW TO TRADE AT LEVELS NOT SEEN SINCE 1996

[10:06] {Threei}  no kidding

[10:06] {ese} and thats a pretty solid company

[10:07] {Threei}  ok... if DRYS is not losing .85 anymore, 14 break become more palatable

[10:07] {Threei}  (not less scary, mind you)

[10:08] {ese} thats a 10 month high on IDCC also dino

[10:08] {Threei}  invalidated

[10:08] {Threei}  kind of relief, to say honestly :)

[10:08] {Threei}  didn't feel easy about that break

[10:08] {Threei}  RIMM is holding interestingly strong on this market pullback

[10:09] {nemo} is that an unequivocal maybe?

[10:09] {Threei}  you lost me right after "is"

[10:10] {Threei}  hey, Geithner paid his taxes

[10:10] {Threei}  how nice of him

[10:10] {nemo} poor sense of humor-me

[10:11] {Threei}  no clear setup on RIMM

[10:11] {Threei}  a bit listless chart

[10:12] {ese} arghhhhh...wasn't paying attention WGOV missed 24,50 

[10:13] {ese} ah well...more where that came from

[10:13] {fernp} QCOR holding. Any read, Vad?

[10:14] {Onix} stoppe in PALM, thought the 7.70 would hold it

[10:14] {Threei}  chart looks right fern... it's volume that I hate

[10:15] {Threei}  trades by appointment

[10:15] {fernp} Yes, I see. ty

[10:15] {Threei}  PALM is losing will to live Onix, leave it well alone for now

[10:16] {Threei}  couldn't even stage a decent bounce when market made new highs

[10:16] {Onix} for sure!

[10:19] {ese} L hbhc again .38

[10:20] {ese}  1/2

[10:21] {Threei} Long Setup:  PLD  .40 break half lot

[10:21] {ese} out .57

[10:21] {Threei}  if sets up from here, stop is under .30

[10:21] {Threei}  .20 invalidating level

[10:22] {ese} weird fill +.19

[10:22] {ese} was showing .42

[10:22] {Threei}  aggressive entry is probably a good idea if cmes closer to .20

[10:23] {ese} WGOV.....nice move after .50 breakout

[10:23] {Threei}  pretty much a market follower so keep an eye on the broader market totime it

[10:23] {ese} almost up 1 pt

[10:26] {ese} speaking of weird fills vad....was watching time a sales  and didn't even see .57...how does a broker do that without posting on the time and sales ...in house?  cand they do that

[10:26] {fernp} invalidated or good moment to jump in w/stop under 11.00?

[10:26] {Threei}  to me, feels right for entry fern

[10:26] {fernp} ok, in

[10:26] {Threei}  on what ese?

[10:27] {ese} hbhc ....my last rade

[10:27] {ese} fill on my 1/2 ;ot was .57

[10:27] {Threei}  sorry, didn't watch it...

[10:27] {ese} but didn't see posted on time and sales

[10:28] {ese} was just wondering if they can do that....brokers that is

[10:28] {Threei}  not really without posting print

[10:28] {ese} do a fill without posting on time and sales

[10:28] {Threei}  market sharp drop

[10:29] {ese} maybe missed it 

[10:30] {fernp} stopped PLD

[10:31] {dino} cohu

[10:31] {ese} check out pattern on ERIC vad......textbook...from your book......10 cent range

[10:33] {Threei}  too narrow

[10:33] {Threei}  not sure it hasd a play in it

[10:33] {ese} too narrow.....no breakout either side

[10:36] {Threei}  STT huge pullback

[10:41] {nemo} on stt, is that an ascending triangle or diving board!

[10:41] {Threei}  can't tell really

[10:42] {dino} celg sm l .02

[10:54] {magoo} pie*e sh*t market

[10:54] {nemo} gotta wonder if the markets are getting readly to keel over hard.  It's like the Grinch and the sleigh

[10:54] {gen} :( have to go do my job :(

[10:54] {gen} by everybody

[10:55] {fernp} bye gen

[10:55] {Threei}  take care gen

[10:55] {magoo} bye gen

[10:57] {Threei}  FORMER FED CHAIR VOLCKER: US IN 'SERIOUS RECESSION', NO END IN SIGHT; USD CONFIDENCE MAY POTENTIALLY BE 'UNDERMINED'

[10:57] {Threei}  helpful comments eh

[10:57] {nemo} understatement

[10:57] {dino} s&p gap fill

[10:57] {dino} 1136 ndx gap

[10:58] {magoo} every f'n day if u shorted opening spike

[10:58] {magoo} dammit

[10:58] {Threei}  relax mags

[10:58] {magoo} its so obvious its stupid

[10:58] {Threei}  what's with emotions

[10:59] {dino} rally next week magoo, mark-ups. happens every month

[10:59] {cujo} even in mkts like this?

[10:59] {nemo} apocalypse next week..no markups

[10:59] {dino} 1000 dji pts., 140 ndx, 120 s&p

[11:00] {dino} nemo, check last week oct, nov., dec

[11:00] {magoo} it wears on ya vad..enoughs enough with this sh%t mkt

[11:00] {nemo} dino-you mean markups! never mind my sense of humor

[11:00] {dino} getting close magoo, need more people thinking that way

[11:01] {nemo} mags-what shit market...Vad's been makin money for months

[11:01] {dino} ok nemooooooooooooo

[11:01] {Threei}  I am at loss

[11:01] {Threei}  really

[11:01] {dino} it's all good

[11:01] {Threei}  what's wrong with market where we run such percentage?

[11:01] {Threei}  it's not very tradeable today so far, so what?

[11:01] {magoo} figure it out..maybe u have but i haven't

[11:02] {Threei}  all my calls and trades are posted

[11:02] {Threei}  I don't know what it is I need to figure out

[11:02] {Threei}  don't take it out on me, ok?

[11:02] {nemo} nothin' to figure out other than what you do right now.  Yesterday was great, today so, so...tomorrow...somethin' else.

[11:03] {dino} i'll say this, i've traded less this month than a usual week. lots of sitting for me

[11:03] {cujo} think this is head fake on the bounce?  

[11:03] {cujo} indicies

[11:03] {Threei}  no read for now cujo

[11:03] {Threei}  I want to let this selling sort itself out

[11:03] {dino} cujo, need that ndx gap filled, or we come back to it later

[11:03] {magoo} figure out+maybe u up but i not..i don't just follow u blindly {although maybe i should}

[11:04] {Threei}  every bounce got smacked so far, no need to guess on each f them

[11:04] {dino} 1136

[11:04] {cujo} yup, not making a move.  Just in interesting territory.

[11:05] {nemo} Seems I remember reading in Livermore's book he actually had to go back to work for awhile because the market was doin' nothin'.  

[11:05] {Threei}  I don't want to be overactive on a day when trades don't work out with high percentage

[11:05] {dino} it's doing something, 15% ranges

[11:05] {Threei}  look at two days to compare:

[11:06] {Threei}  yesterday almost all of them worked, we did around 10 trades, adn I continued pushing when valid setups presented themselves

[11:06] {Threei}  out of 3 today's, only one did

[11:06] {dino} i would like to buy a hambuger

[11:06] {nemo} So, the weak morning tells you the stars aren't aligned for you today

[11:06] {nemo} Dino...will you pay for it Tuesday?

[11:06] {Threei}  so I don't want to overtrade until things start looking more readable

[11:06] {dino} think in terms of probabilities

[11:07] {dino} i will gladly pay you tomorrow for a hamburger today

[11:07] {nemo} I figgered

[11:07] {nemo} I've had all I can stands and I can't stands no more!

[11:08] {larisa} traders are way more emotional these days :)

[11:08] {dino} lol

[11:08] {nemo} valium helps

[11:08] {magoo} let me set my rage straight...i am not getting on your case...i just think this mkt sux...worste jan in long time./..pretty lame seasonality in dec...i am sick of it...cant even get 2 days up straight ovr 100 pts 

[11:10] {magoo} christ dow under 8k

[11:10] {magoo} mkt sux

[11:10] {ese} adtn...

[11:12] {dino} ahhh, magoo, the vodka is in the freezer, have a shot or two

[11:12] {magoo} im gonna dino....im GONNA

[11:12] {dino} there he goes down the hall

[11:13] {Threei}  DRYS, looks ready for bounce scalp

[11:13] {Threei}  based on market bounce only

[11:14] {Threei}  .35 closest support

[11:14] {Threei}  try to catch it on one of these quick trips down

[11:15] {Threei}  if holding well on this market pullback, will be capable of more than scalp

[11:16] {Threei}  good offer at .42 for entry indication

[11:16] {magoo} in .33 just now

[11:16] {nemo} ah shit Laser dumped on me

[11:17] {magoo} dave what???

[11:17] {Threei} Long Setup:  DRYS  .42 break if holding above .30

[11:18] {ese} tick and trin index are showing people buying today......this thing go crazy by the end of the day....although Vochkers comments didn't exactly help....that guys a war monger i think

[11:18] {Threei}  you have seriously over 1:1 here mags

[11:19] {ese} qqqq double bottom...hmmmmmmm

[11:20] {ese} i hear mags pain though......

[11:20] {magoo} to be clear..vad IS doing great in a terrible market

[11:20] {dino} me too (literally)

[11:21] {magoo} problem is..i am a momo trader and miss the MOMO

[11:21] {nemo} ahhhhhh...an adrenaline junky

[11:21] {Threei}  that's magoo

[11:22] {Threei}  momo will be back... but momo markets are not a very high percentage of time

[11:22] {nemo} Magoo you ever heard the story of the young bull and the old bull?

[11:22] {Threei}  DRYS half out

[11:22] {wishbone} lol nemo

[11:22] {Threei}  lol

[11:22] {ese} noope

[11:22] {ese} what is it

[11:22] {magoo} no..but dino always giving the hair vs rabbit story

[11:23] {ese} tick +1200 trin -2.8 thats big buying...could be bigger but it's big

[11:23] {dino} and the lesson of the rocking horse winner

[11:23] {nemo} ese check your windows

[11:24] {Threei}  stop to .39

[11:24] {ese} whats up?

[11:24] {Threei}  try to exit second half DRYS on a spike above .60

[11:24] {ese} i'm looking through a fog?

[11:24] {magoo} i can relate to rocking horse winner...thats magoo to a tee

[11:24] {Threei}  STT... was temoted to call 16 break and hesitated

[11:24] {nemo} ese, you on mirc?

[11:25] {magoo} there must be more money....must be more $$

[11:25] {ese} no.....

[11:25] {nemo} ahh, that's a problem.  I can't really tell you the story in a public forum

[11:26] {ese} caught it....

[11:27] {dino} cvtx

[11:27] {magoo} now im mad........dino out of vodka

[11:28] {dino} scotch on the file cabinet

[11:28] {nemo} try rubbing alcohol, mags

[11:28] {magoo} over ice?

[11:28] {nemo} with cranberry juice

[11:28] {magoo} ok..on it

[11:29] {nemo} too bad can't get ludes anymore

[11:29] {magoo} l rimm here ,.48

[11:29] {magoo} l q here .30

[11:30] {magoo} lets getter' done

[11:30] {Threei}  DRYS stop to .45

[11:30] {Threei}  here comes out break

[11:31] {dino} mcd sm l .18

[11:31] {Threei}  out in full .62

[11:32] {Threei}  50/50 again... lol

[11:32] {Threei}  threading water

[11:33] {magoo} no laughing..cant focus :)

[11:33] {Threei}  you took profit on your DRYSS??

[11:33] {magoo} nope

[11:33] {Threei}  shrug

[11:33] {KSystems} yes :)

[11:33] {Threei}  you have unrealistic expectations for this market magoo

[11:34] {magoo} was tyhinking .80?

[11:34] {Threei}  so partial

[11:34] {Threei}  why risk whole thing?

[11:34] {Threei}  you see waves changing on a dime

[11:34] {nemo} adrenaline?

[11:34] {Threei}  some idiot comes out with some idiotic remark,

[11:35] {Threei}  whole market dumps next second

[11:35] {Threei}  why be a victim of idiots?

[11:35] {nemo} one in hand mags

[11:35] {Threei}  protect your profits

[11:35] {magoo} out

[11:35] {magoo} TY

[11:35] {Threei}  didn't we go through the parade of idiots commenting on things they had no slightest idea bout, yet influenced market greatly, a few months back?

[11:36] {magoo} oyt RIMM .68

[11:36] {magoo} TRY

[11:36] {cujo} I wan't here a few months ago.  Was that The Jim Cramer Biography?

[11:36] {magoo} TRY=TY

[11:36] {Threei}  and all this emotional hoopla totally threw me off re: STT

[11:36] {Threei}  grrr

[11:36] {dino} lol cujo

[11:37] {Threei}  lol cujo

[11:37] {cujo} ;)  I try

[11:37] {Threei}  no... although it could have easily been

[11:37] {dino} pretty much short anything cramer says to buy

[11:37] {Threei}  I referred to the situation we had on hands when TARP was debated

[11:37] {cujo} yeah "The Cramer Effect"

[11:37] {cujo} ahh TARP

[11:37] {Threei}  every 15 minutes new comment would appear

[11:37] {Threei}  approved

[11:37] {Threei}  not approved

[11:37] {Threei}  approved but with conmditions

[11:38] {Threei}  these seators do not agree with cnditions

[11:38] {Threei}  these do

[11:38] {dino} T(total)A(azzhole)R(re-election)P(plan)

[11:38] {cujo} he he

[11:38] {Threei}  and market would drop or jump like crazy with every comment

[11:38] {Threei}  try to trade when it's such a mess, lol

[11:38] {cujo} it was crazy then. 

[11:39] {nemo} that 850b dem stimulus plan is spread out over 10 years, by the way

[11:39] {Threei}  now, guys

[11:39] {Threei}  let's restore the balance a bit, shall we

[11:39] {Threei}  we are at 50 % so far today, 4 trades,

[11:39] {Threei}  2 wins, 2 stops

[11:40] {Threei}  nothing remarkable, I mean I wouldn't run around telling pretty girls about such achievement in hope to excite them by my trading prowess,

[11:40] {Onix} is that a good balance?

[11:40] {Threei}  and nothing to be desperate about

[11:41] {larisa} how did you want to play STT vad?  16 break to upside  afer bottoming under 15.50 ? just curious.

[11:41] {Threei}  I mean emotional abalnce and perspective on things

[11:41] {KSystems} where was the first stop?

[11:41] {KSystems} or rather, _when_?

[11:41] {nemo} Vad, expectations, expectations, expectations. 

[11:41] {Threei}  yes larisa, with stop under 14.80

[11:41] {nemo} Emotions are the enemy of execution...as you said STT

[11:41] {Threei}  15.80

[11:41] {larisa} 15.80 you mean/ pullback too big and 16 too far off bottom, just wondering what was your vision

[11:42] {Threei}  PALM ks, right after the open

[11:42] {KSystems} ok, that one i got

[11:42] {KSystems} then the other one?

[11:42] {Threei}  PLD

[11:42] {KSystems} wow it didnt even trigger for me

[11:42] {Threei}  was hesitant call, but asnwering a question on it it could qualify as a call nonetheless

[11:43] {Threei}  no, it was more like a pullback entry

[11:43] {KSystems} ok, ty

[11:43] {Threei}  larisa... setup I mean was:

[11:43] {Threei}  after bounce off 15.50 it consilidated a bit under 16,

[11:44] {Threei}  then broke it with low of the consolidation range about 15.80

[11:46] {hawkfan4} am i here?

06[11:46] * magoo slaps hawkfan4 around a bit with a large roll of cash

[11:46] {Threei}  I am very tempted to say no

[11:47] {nemo} beat me to it vad

[11:47] {nemo} Vad, if STT breaks .80 likely to test spike in an up market?

[11:47] {hawkfan4} lol :)...finally conquered mirc

[11:47] {Threei}  lol

[11:47] {Threei}  mirc proves to be worthy adversary

[11:48] {Threei}  people fight it for weeks

[11:48] {nemo} I want my mirc attacks!

[11:49] {magoo} i only beat it yesterday

[11:50] {cujo} Free traders expo in NYC in FEB.  Anyone in the area?

[11:50] {Threei}  UAUA COO: CLEARLY SEEING LESS DEMAND FOR AIR TRAVEL; CUSTOMERS ARE FLYING LESS AND TAKING COACH MORE OFTEN - CONF CALL

[11:51] {Threei}  don't waste your time cujo

[11:51] {cujo} really?  Ugh.

[11:51] {Threei}  I used to give seminars on thoswe

[11:51] {Threei}  there was a good reason why I stopped

[11:51] {Threei}  turned into total vendorfest

[11:51] {Threei}  no substance, just selling

[11:52] {cujo} got it.  Yeah there are a ton of vendors there. 

[11:52] {Threei}  that would fine,

[11:52] {Threei}  after all, expo must turn profit somehow

[11:52] {Threei}  but there must be some value delivered as well

[11:52] {cujo} yeah

[11:53] {Threei}  and that part disappeared when new Expo owners started treating speakers as commodity

[11:53] {dino} evep

[11:53] {cujo} well, saved me 2 days in the cold treking to midtown ;)

[11:53] {Threei}  unless you want a lot of sale pitches

[11:53] {nemo} miss any calls?

[11:54] {Threei}  no

[11:54] {cujo} nah, would rather sleep ;)

[12:05] {Threei}  AAPL

[12:05] {Threei}  SEC OPENS INQUIRY INTO DISCLOSURE OF CEO STEVE JOBS' HEALTH - WSJ CITING SOURCES

[12:06] {magoo} kind of old vad

[12:06] {magoo} read this morn

[12:06] {Threei}  another YHOO/MSFT rumor, no slightest reaction this time

[12:06] {cujo} boy who cried wolf. 

[12:09] {dino} wasn't cujo a movie about wolves?

[12:09] {cujo} ha ha ha

[12:09] {cujo} a big slobbery rabid dog

[12:10] {nemo} Saint Barnard actually

[12:10] {cujo} ;)

[12:11] {cujo} possible c & h starting to form in AAPL?

[12:11] {magoo} my Q finally ovwer 1:1

[12:12] {Threei}  not delighted by it cujo

[12:12] {cujo} got ya. 

[12:12] {Threei}  if market goes up strongly it could follow of course

[12:12] {cujo} y

[12:12] {Threei}  but looks iffy

[12:16] {Threei}  IDCC

[12:16] {Threei}  big offer at .20

[12:16] {Threei}  long half lot if taken

[12:16] {Threei}  stop under .30

[12:19] {magoo} dam xploded

[12:19] {magoo} i caught .28

[12:20] {Threei}  hmmm

[12:20] {Threei}  a bit high

[12:20] {magoo} yup

[12:20] {Threei}  what do you use market orders??

[12:20] {dino} out mcd .78, +.60

[12:20] {magoo} NO

[12:20] {cujo} +.10

[12:20] {cujo} IDCC

[12:20] {cujo} Thanks Vad

[12:20] {Onix} gj dino!

[12:20] {Threei}  lol cujo... that's relentless profit grabbing

[12:20] {Threei}  wtg

[12:20] {cujo} sry

[12:20] {magoo} u dog cujo

[12:20] {cujo} gun shy

[12:20] {Threei}  lol

[12:20] {magoo} i prob bought yours

[12:20] {cujo} he he he

[12:21] {cujo} sld .29 and .32

[12:21] {cujo} maybe?

[12:21] {dino} ty onix

[12:22] {Threei}  half out .40

[12:22] {Threei}  stop to .15

[12:24] {Threei}  how about this market dump

[12:25] {Threei}  stop to just under .20

[12:25] {Threei}  out

[12:25] {Threei}  .24 and .22

[12:26] {magoo} mkt jkilled it

[12:26] {Threei}  yeah, it had more in it

[12:26] {Threei}  maybe still does

[12:27] {Threei}  but I am not taking chances on a thin stock

[12:28] {magoo} markets show no confidence

[12:36] {magoo} vad..i got weird feeling DRYS going over day high

[12:37] {magoo} just way its hangin around

[12:37] {Threei}  can't tell anything here

[12:37] {Threei}  IDCC, yeah, this thing is full of determination

[12:37] {Threei}  DRYS, don't know

[12:37] {cujo} stt testing support?

[12:38] {Threei}  losing is more like it :)

[12:38] {cujo} short set up?

[12:38] {Threei}  not here

[12:38] {Threei}  .50 breakdown was

[12:38] {dino} idcc, bad memories, couple years ago held 3k shares overnight, opened  minus 8

[12:38] {Threei}  yikes

[12:39] {dino} yeah, it kind of sucked

[12:39] {larisa} :(

[12:39] {magoo} oh yeah...it was a stock tip from lefty

[12:42] {Threei}  who?

[12:43] {magoo} a fraternity friend of ours

[12:43] {magoo} he gave us the tip[

[12:44] {Threei}  TREASURY NOMINEE GEITHNER: CURRENCY MANIPULATION IS A SIGNIFICANT ISSUE

[12:44] {Threei}  {USD/CNY}

[12:44] {magoo} who needs enemies lol

[12:44] {hawkfan4} is he still a friend? :)

[12:44] {hawkfan4} lol

[12:45] {Threei}  see hawk.,.. you think of mags better than I do... question that crossed my mind was is he still alive?

[12:46] {dino} my fault, i put the trade on

[12:46] {cujo} lunchtime

[12:46] {cujo} brb

[12:46] {hawkfan4} lol vad

[12:46] {dino} like a semester at harvard

[12:47] {nemo} doin' the deed's not the problem.  Gettin' rid of the body...that's a problem

[12:47] {hawkfan4} been there dino

[12:48] {dino} it's a strange profession we have undertaken

[12:48] {wishbone} good friends will help you move

[12:48] {dino} lol

[12:48] {wishbone} the best of friends will help you move the body

[12:48] {Threei}  lol

[12:49] {hawkfan4} :) 

[12:49] {nemo} ekzaktly

[12:49] {nemo} really, really good friends bring the acid

[12:49] {wishbone} gettin' kinda dark in here

[12:49] {Threei}  misspelling a bit nemo... eqzaktly is more elegant way to spell it

[12:49] {wishbone} :)

[12:49] {nemo} scuse me

[12:50] {wishbone} lol

[12:52] {dino} grrrrrr

[12:55] {Peterg} Well, team, I have been putting off facing that this is my last day for now as an RT trading room member. I am going to give a tearful speech shortly explaining how much I have learned and how I will miss you all and so forth. In fact, if you don't want to read the speech, this will suffice..

[12:55] {Peterg} I will be thanking the boss for his counself, and perhaps throwing a few affectionate barbs here and there.

[12:56] {Peterg} But being in this group has been a great experience. Thanks all.

[12:57] {Peterg} Talk about me frequently; I will be reading the transcripts.

[12:57] {magoo} gonna miss ya bro:)

[12:57] {Threei}  we will peter

[12:57] {ese} out for the day all take care....

[12:57] {Threei}  good luck to you, and you know where to find us

[12:57] {wishbone} cya ese

[12:57] {ese} definately

[12:57] {Threei}  take care ese

[12:57] {Peterg} Thanks all, hope to return !

[12:57] {wishbone} take care pter

[12:57] {magoo} as long as vad doesn't keep switching the room lol

[12:57] {Peterg} Make money & have fun. Lrned a lot

[12:58] {cujo} bye Peterg.  Best of luck

[12:58] {dino} best of luck to you peter

[12:58] {Peterg} Snifff. gotta go & do the day job. Tks again

[13:00] {Threei}  AN NAHB HOUSING MARKET INDEX: 8 V 9E

[13:06] {Threei}  matket picks up some strength

[13:06] {larisa} for real this time ? :)

[13:06] {Threei}  good question

[13:07] {dino} epiq

[13:08] {cujo} euphoria on stt Vad?

[13:08] {Threei}  it just goes up and down with market

[13:10] {Threei}  should pullback now... around .50 looks to become a bounce scalp

[13:12] {wishbone} vad got disconnecte which symb

[13:12] {Threei}  answering about STT wish

[13:12] {wishbone} symbol?

[13:13] {wishbone} ty

[13:13] {elepet} u[];ianyone in drys?

[13:15] {_gman} I am on the trial

[13:15] {Threei}  hi gman, welcome

[13:15] {_gman} free trial sorry

[13:15] {_gman} hi

[13:15] {cujo} hello gman

[13:16] {Threei}  ok, STT is almost there

[13:16] {Threei}  .50 is closest support,

[13:16] {Threei}  watch market for reversal uward top grab it

[13:17] {dptl} why .50 Vad?

[13:17] {Threei}  meets rising lower BB there

[13:18] {dptl} ok ty

[13:18] {Threei}  needs market in any case, it mirrors market last few hours

[13:20] {dino} apol

[13:21] {Threei}  in

[13:21] {KSystems} in

[13:21] {Threei}  .27

[13:22] {KSystems} .31 here, do you have a

[13:22] {Threei}  stop under .20

[13:22] {KSystems} 20 ok

[13:23] {cujo} in .29

[13:25] {Threei}  half out .39

[13:25] {cujo} out .36

[13:25] {cujo} small lots, no half :(

[13:25] {cujo} thanks vad

[13:25] {Threei}  welcome... training wheels?

[13:25] {cujo} yeah 100 still

[13:26] {cujo} till i can get emtions under more control

[13:26] {Threei}  out balance

[13:26] {cujo} then will move up from there. 

[13:27] {Threei}  bounce off 16 is next

[13:28] {Threei}  no market help for now

[13:29] {Threei}  in

[13:29] {Threei}  .04

[13:29] {Threei}  stop under 16, ridiculously tight

[13:31] {Threei}  am I too greedy?

[13:32] {cujo} never

[13:32] {Threei}  half out .20

[13:33] {Threei}  offering balance .35

[13:33] {Threei}  stop to .19

[13:33] {magoo} nice trade

[13:34] {Threei}  ty'

[13:34] {cujo} great call.

[13:34] {KSystems} absolutely

[13:34] {cujo} wish first bounce as large as second bounce ;)

[13:34] {cujo} but can't win 'em all...

[13:34] {Threei}  out balance

[13:35] {Threei}  shakeout...

[13:35] {Threei}  wow DRYS

[13:35] {Threei}  missed break

[13:35] {Threei}  you in elepet?

[13:36] {Threei}  ummm... can I have my STT back?

[13:36] {elepet} yes

[13:36] {Threei}  mulligan?

[13:36] {magoo} man..look at q chart

[13:37] {elepet} from  13.42

[13:37] {Threei}  time to partial elepet... at least

[13:37] {cujo} rockin

[13:37] {Threei}  don't chase aything here, pullback is coming

[13:37] {cujo} short the pullback on the qqqq?

[13:37] {Threei}  nah

[13:38] {cujo} sitin tight

[13:38] {Threei}  long on pullbacks is the way to go today

[13:39] {Threei}  UPDATE: PRESIDENT OBAMA SETS HIRING FREEZE ON TOP CABINET MEMBERS, CALLS FOR ADDED TRANSPARENCY WITHIN GOVT

[13:40] {Threei}  if market spike sharply here, DRYS 14 break and STT .50 break

[13:41] {Threei}  STT stop under .40

[13:41] {Threei}  DRYSunder .90

[13:41] {elepet} couldn't do it. (sell any drys) it felt like it was going up.

[13:42] {Threei}  volatile thing

[13:42] {Threei}  in volatile market

[13:43] {Threei}  keep stops tight and watch for re-entry if pullbacks are deep

[13:46] {Threei}  dizzy yet?

[13:46] {cujo} y

[13:46] {magoo} yea

[13:46] {cujo} thing moves

[13:46] {Threei}  these quick up and down are seasickness-inducing

[13:47] {nemo} drink more

[13:48] {Threei}  STT 1:1

[13:49] {Threei}  1:2

[13:49] {Threei}  me out

[13:49] {magoo} out .69 TY

[13:49] {Threei}  your turn DRYS

[13:50] {Threei}  {DRYS} yes sir

[13:50] {magoo} magoos kickin it

[13:51] {magoo} drys kickin back

[13:51] {Threei}  last pullback on DRYSS bottomed out at .95

[13:51] {Threei}  if you want to control risk really tight, trail to under it

[13:53] {Threei}  if this day doesn't turn bright all of a sudden...

06[13:54] * Threei squints in magoo's direction

[13:54] {nemo} was waiting for that

[13:54] {Threei}  Very Big Grin

[13:54] {nemo} mags is turning all red

[13:54] {Threei}  lesson of the day:

[13:55] {magoo} ive found that when i complain in room..i usually am wrong which inevitably helps our cause:)

[13:55] {Threei}  leave useless emotions at the door,

[13:55] {Threei}  take valid setups,

[13:55] {Threei}  plug along as market goes,

[13:55] {Threei}  no matter how this or that trade or day or even week turns out,

[13:56] {Threei}  you will win in a long run as long as you adeploy valid system and execute it flawlessly, relentlessly and with no second-guessing

[13:56] {nemo} past is prologue, future may or may not come...all is now

[13:56] {Threei}  eqzaktly

[13:57] {Threei}  two secondary lessons:

[13:57] {Threei}  don't spell right

[13:57] {Threei}  and when you absolutely don't know what to do, do this:

06[13:57] * Threei slaps magoo around a bit with a large roll of cash

[13:58] {Threei}  bad spelling has two additional advantages

[13:58] {Threei}  it irritates the hell out of Raven

[13:58] {Threei}  and it will irritate the hell out of peter when he reads our logs

[13:58] {nemo} among others :)

[13:59] {Threei}  and heavens know I love irritating people...

[14:00] {Threei}  DRYS 1:1

[14:00] {Threei}  isn't it irritating

[14:00] {nemo} makin' money no...not understaning eqzaktly why it's working...yes

[14:01] {Threei}  oh, and if you think I am exaggerating - just ask patience... she knows herds of people I irritate to no end {G}

[14:01] {larisa} you can stop now :)

[14:01] {Threei}  come on nemo... there is not much to understand really

[14:01] {Threei}  I can't larisa, sorry...

[14:01] {Threei}  I have my quota of people to irritate per day

[14:01] {Threei}  and I haven't fulfilled it yet

[14:02] {Threei}  btw, I hate to admit that but magoo was right on DRYS

[14:02] {dino}  dino places 3i on ignore

[14:02] {nemo} I ever tell you about my "disgruntled-postal-worker-fantasy list?

[14:02] {cosmo} also... its better to feel irritated than feel nothing at all...

[14:03] {Raven} {}

[14:03] {larisa} i dunno cosmo, can i disagree? :)

[14:03] {magoo} 12:36] {magoo} vad..i got weird feeling DRYS going over day high

[14:04] {cosmo} born to suffer here...

[14:04] {Threei}  that'ss what I meant mags

[14:04] {Threei}  larisa... you can disagree but xosmo will be very irritated

[14:04] {larisa} lol

[14:05] {Threei}  dino... this is one single time I admitted he was right... and you place me on ignore? next time will be in 2010, I promise

[14:05] {cosmo} xosmo is no friend of mine

[14:05] {KSystems} vad , are you still in DRYS?

[14:05] {Raven} lol

[14:05] {Threei}  no

[14:05] {Threei}  took 1:1

[14:05] {elepet} went over and pulled back. will it do it again? Drys HOD?

[14:05] {Threei}  maybe will regret

[14:06] {Threei}  but I move into scalping mode for the next hour at least

[14:06] {magoo} no regrets..been total scalp or lose day

[14:10] {dino} cedc

[14:10] {Threei}  I have this nagging feeling that one more bigger trade must be in cards today

[14:11] {Threei}  don't want to push it, and don't want to miss it... lol

[14:11] {magoo} could it be RIMM?

[14:11] {larisa} you can annoy us with this one :)

[14:11] {Threei}  lol

[14:12] {cosmo} on the edge of my seat here

[14:13] {magoo} could it be DRYS to 15??

[14:13] {elepet} and thar she blows( drys)

[14:13] {Threei}  if market explodes, it can

[14:13] {Threei}  DRYS potential really hard to overestimate

[14:14] {cosmo} i'm in it simply for the stimulus

[14:14] {Threei}  this thing knows how to move

[14:14] {Threei}  lol cos

[14:14] {magoo} like pulp baby

[14:14] {Threei}  watch it busting through .20 like it's nothing

[14:19] {dino} cedc tempting

[14:19] {magoo} news CEDC vas

[14:19] {Threei}  HEARING DOWNGRADED TO MARKET PERFORM FROM MARKET OUTPERFORM AT AVONDALE (TIMING UNCERTAIN)

[14:20] {dino} ty

[14:20] {magoo} sheesh..kiss of death

[14:20] {Threei}  that's it??

[14:20] {Threei}  such drop on one downgrade by no-name?

[14:20] {dino} he had a name

[14:21] {magoo} well hes still idiot

[14:23] {Threei}  small shares in

[14:24] {Threei}  stop under 13.90

[14:24] {elepet} drys in retreat?

[14:24] {Threei}  market is

[14:24] {Threei}  so is DRYS

[14:26] {dino} out celg .62, +.60

[14:27] {Threei}  out CEDC for now

[14:27] {Threei}  there is something else behind this dump

[14:28] {Threei}  maybe traders overloaded on CEDC product

[14:30] {Threei}  market is ready for a 'ally

[14:31] {Threei}  US HOUSE FINANCIAL SERVICES COMMITTEE HOLDING TALKS WITH AGRICULTURE COMMITTEE OVER COMMODITES OVERSIGHT

[14:32] {Threei}  {DRYS} what's .20?

[14:32] {magoo} i just reloaded DRYS .15

[14:33] {magoo} just do not rinse me

[14:34] {Threei}  where is your stop?

[14:34] {magoo} .06

[14:34] {magoo} feels 15  

[14:34] {magoo} but nasty

[14:35] {magoo} RIMM hangs around

[14:37] {Threei}  'ally

[14:37] {magoo} thats twice u said'ally he he

[14:37] {Threei}  offer part above .30

[14:37] {Threei}  what can I do... Larisa forbids me to say rally

[14:38] {magoo} ah..remember those days

[14:38] {nemo} you just said it

[14:39] {magoo} no i didn't

[14:40] {nemo} Vad did

[14:40] {magoo} waiting .29 ug

[14:43] {Threei}  LIBYA'S KHADAFI: MAY NOT OBEY OPEC QUOTAS DUE TO LOW OIL PRICES

[14:43] {Threei}  woohooo

[14:43] {Threei}  way to go guys

[14:44] {nemo} knew that was coming...

[14:44] {Threei}  (IQ) IRAQ SOUTH OIL COMPANY TO INCREASE OUTPUT BY APPROX 400K BPD BY END OF 2010

[14:44] {Threei}  - Plans to drill up to 400 well over three year span

[14:44] {dino} out axys .21, +.46

[14:44] {nemo} That's why we invaded...

[14:45] {dino} pump 'em dry

[14:45] {nemo} Crank up the 4-wheel Drive!!!

[14:46] {dino} suv suv suv

[14:49] {nemo} somebody whack laserdave, I can't

[14:49] {Threei}  with what nemo?

06[14:49] * magoo slaps laserdave around a bit with a large trout

[14:49] {nemo} thanks mags

[14:50] {Threei}  see, I wanted to customize the smack on your behalf

[14:50] {Threei}  cater to your specifications

[14:51] {magoo} i went with traditional vad'

[14:51] {Threei}  that works too

[14:54] {Threei}  next leg is coming

[14:54] {Threei}  a bit torturously but...

[15:04] {nemo} smelling a retracement

[15:05] {magoo} its the power hower

[15:05] {Threei}  .30 be taken

[15:06] {Threei}  'ally be continuing

[15:07] {magoo} IDCC vad?

[15:07] {Threei}  can't tell

06[15:08] * magoo slaps &Threei around a bit with a large ability to answer magoos questions more satisfactoriy

[15:08] {Threei}  lol

[15:08] {Threei}  see DRYS?

[15:08] {Threei}  what I can tell I do

[15:08] {magoo} in 

[15:09] {elepet} my word. going for 15?

[15:10] {magoo} excuse me...it was MY word he he

[15:10] {Threei}  you guys... stop guessing and start managing trades

[15:10] {elepet} even palm is finally moving.

[15:10] {magoo} HUH?

[15:10] {Threei}  didn't I ask you to partial out above .30?

[15:10] {Threei}  practically begged

[15:11] {magoo} how would i know? i have u on ignore

[15:11] {Threei}  oh

[15:11] {Threei}  got it

[15:11] {hawkfan4} lol

[15:11] {nemo} no good deed goes unpunished Vad

[15:11] {Threei}  never

[15:11] {Threei}  but I am fine with it

[15:12] {Threei}  being ignored is my natural state

[15:12] {Threei}  and natural outcome of being irritating {G}

[15:13] {magoo} ok out .34

[15:14] {nemo} whoa mags, floor just dropped...good deal

[15:16] {dino} did you say something

[15:19] {Threei}  DOE: OBAMA'S DECREE TO HALT BUSH PLANS MAY AFFECT OFFSHORE DRILLING AND OIL SHALE DEVELOPMENT PROGRAMS

[15:19] {Threei}  - Note: on 1/16 it was reported that the US Administration was preparing to push proposals to allow offshore oil drilling in certain sites previously restricted

[15:20] {nemo} FAS up 23% sheesh

[15:21] {Threei}  BAC

[15:21] {Threei}  UPDATE: LATE DAY STRENGTH ATTRIBUTED TO CEO KEN LEWIS DICLOSES PURCHASE OF ABOUT 200K SHARES

[15:21] {Threei}  lol

[15:22] {dino} good, when they wipe out the common he will get hit

[15:22] {Threei}  if he bought at 7, its 1.4M

[15:22] {nemo} Oil Rises as Equities Rally on Bank-Rescue Plan Speculation 

[15:22] {Threei}  what % of his bonus is that?

[15:22] {nemo} .0032%

[15:23] {Threei}  there you go

[15:23] {Threei}  and happy ytradfers buy BAC?

[15:23] {Threei}  nice pullback DRYS

[15:23] {Threei}  should be scalpable

[15:24] {magoo} u got the ball vad..make the call

[15:24] {Threei}  now mags...

[15:24] {Threei}  where is my "thank you" for making you sell above .30?

[15:24] {nemo} Come to think of it, the news that could really rocket the market is a "national bank"  Grab an ultra financial long and hold on

[15:24] {magoo} thank u...humbly spoken:)

[15:24] {Threei}  you are welcome kind sir

[15:24] {magoo} u were right allday...i was wrong to despair

[15:25] {Threei}  no call on price DRYS... watch market for bounce

[15:25] {nemo} Hey mags, it's either a light at the end of the tunnel, or an oncoming train-either way, it's over soon.

[15:25] {magoo} that does itttttttt

[15:26] {nemo} I'm ducking!

06[15:26] * magoo slaps nemo around a bit with a large a um, er,um i dont know what to add

[15:26] {nemo} book by H.L. Mencken

[15:26] {magoo} hard pull drys

[15:29] {larisa} DRYS is irritating

[15:30] {magoo} GS was the tell

[15:30] {magoo} animal

[15:32] {KSystems} 14 break?

[15:32] {Threei}  only if market spikes sharply

[15:33] {nemo} things seem to be quieting down a bit

[15:33] {patience} oil number tomorrow vad?

[15:33] {Threei}  yes

[15:33] {patience} ty  :)

[15:34] {Threei}  they moved to Thu because of holiday on Monday

[15:35] {nemo} Oh excrement! look at this:

[15:35] {nemo} With the market down about 9% year-to-date, everyone is looking at making money shorting the market. It's not easy: the downside potential is unlimited. Stocks sold short can be called away by the brokerage firm while a position is at a loss, thus, realizing the loss.

[15:35] {nemo} In particular, people are piling into short ETFs. However, qualified-account holders such as IRA investors who are buying short ETFs can run into the headache of unrelated business taxable income (UBTI).

[15:35] {nemo} Shorting stocks can only be done in taxable accounts and not qualified accounts like IRAs. However, IRA investors can buy ETFs like the ProShares UltraShort Financials (SKF - commentary - Cramer's Take), the Rydex Inverse Russell 2x Leverage (RRZ - commentary - Cramer's Take) or the Federated Prudent Bear Fund A (BEARX - commentary - Cramer's Take).

[15:35] {nemo} However, activities inside of these funds can cause the shareholder to file taxes even if they are bought inside an IRA. This occurs when a tax-exempt entity participates in business that is not deemed tax exempt by the Internal Revenue Service as part of the Employee Retirement Income Security Act of 1974 (ERISA).

[15:35] {nemo} According to the IRS, "Securities purchased on margin are considered debt-financed property if the liability incurred in purchasing them remains outstanding." Much of the law is directed towards investors using self-directed IRAs for purchasing property, but this can also be an issue for master-limited partnerships.

[15:35] {nemo} Many funds do not merely short stocks, but lever up to amplify returns. However, leverage is not allowed inside an IRA, and if it occurs, the IRA owner must file a tax return. In the money management business, if this happens to your uninformed client, you'll end up with egg on your face when the client's CPA calls you with questions.

[15:35] {nemo} According to the website 990.com, Form 990-T, "Exempt Organization Business Income Tax Return," must be filed if over $1,000 in income of this type is earned. A CPA's advice is needed for such an obscure subject.

[15:35] {nemo} Make sure you know what you are doing if you try to buy a short EFT. It is not the same as buying 1,000 shares of Coca-Cola (KO - commentary - Cramer's Take) and holding for 40 years. These investments must be watched like a hawk -- many ETFs are full of swaps made with shaky investment banks. These esoteric securities are trickier than you think. 

[15:35] {Threei}  STT

[15:36] {Threei}  ugh... late

[15:36] {Threei}  was a scalp off 17.10

[15:38] {Threei}  grrr

[15:38] {Threei}  hat was beautiful setup... I was unforgivably slow on alert

[15:39] {cujo} no worries

[15:39] {Threei}  double bottom, small risk, and STT gave delay for entry vsmarket spike

[15:40] {nemo} mags, did you get back into DRYS?

[15:40] {Threei}  MOODY'S PUTS STATE OF CALIFORNIA ON WATCH NEGATIVE

[15:41] {Threei}  careful cosmo

[15:41] {magoo} no

[15:41] {Threei}  I must say, that was highly unusual day

[15:41] {Threei}  encouraging too

[15:43] {nemo} that's because you didn't say 'ally

[15:44] {Threei}  anyway... glad we could fix it after lukewarm morning

[15:44] {nemo} I'm just glad mags is feeling better

[15:44] {Threei}  is he?

[15:45] {Threei}  I gotta fix that too...

[15:45] {nemo} well, richer

06[15:45] * Threei slaps magoo around a bit with a large chart of uptrending market

[15:45] {dino} crazy days. -350 yesterday +250 today

[15:46] {Threei}  Sept-Oct swings are back

[15:46] {dino} reading my mind

[15:50] {nemo} Well see ya' tomorrow.  I'm off like a herd of turtles

[15:50] {KSystems} cya nemo

[15:50] {Threei}  take care nemo

[15:50] {wishbone} bye nemo

[15:50] {dino} cya nemo

[15:52] {Threei}  oh boy

[15:52] {Threei}  STT

[15:52] {Threei}  SHARES CUT TO HOLD FROM BUY AT ARGUS, PRICE TARGET $25 (TIMING UNCERTAIN)

[15:52] {Threei}  I swear financial world is run by idiots

[15:52] {hawkfan4} no kidding

[15:52] {dino} real value added

[15:53] {Threei}  this is beyond funny

[15:53] {dino} let's downgrade it 70 points off summer highs

[15:53] {cujo} it is run by idiots... confirmed

[15:53] {cosmo} seller's remorse?

[15:53] {Threei}  lol cos

[15:53] {cosmo} :)

[15:54] {dino} trust no one in this business

[15:54] {Threei}  watch STT for bounce from under .40 if you are inclined to try one last scalp

[15:54] {cujo} :)

[15:54] {Threei}  but don't lose track of time

[15:54] {Threei}  6 min lweft

[15:55] {Threei}  there you go

[15:55] {Threei}  touched under 40 and jumped like crazy antelope

[15:55] {Threei}  if you were faster than your own blinking, you could catch it {G}

[15:55] {cujo} thanks Vad

[15:55] {cujo} out +20

[15:55] {Threei}  you got it cujo?

[15:56] {Threei}  jeez

[15:56] {larisa} lol

[15:56] {Threei}  King knew what he wrote about...

[15:56] {cujo} was hairy

[15:56] {magoo} NICE dsog

[15:56] {cujo} thanks

[15:56] {dptl} gn all

[15:56] {dino} gj

[15:56] {dino} cya dp

[15:57] {cujo} goodnight all.  Thanks for that last one Vad. 

[15:57] {magoo} ok vad..u taking 1k aapl here?

[15:57] {dino} l8r cujo

[15:57] {KSystems} wtf

[15:57] {Threei}  lol

[15:57] {dino} lol fs

[15:58] {Threei}  take care dp, cujo

[15:58] {dino} ks

[15:58] {cujo} later dino

[15:58] {fernp} good evening all

[15:58] {Threei}  larisa

[15:59] {Threei}  2 min left

[15:59] {Threei}  can I say rally?

[15:59] {Threei}  no chance to break anyhting anymore

[15:59] {Threei}  fern :)

[15:59] {dino} later fern

[15:59] {dino} i guess all is well in world again

[16:00] {larisa} lets not risk it, may be we will have continuation tomorrow if you do not :)

[16:00] {Threei}  sigh

[16:00] {dino} ditto

[16:00] {elepet} -i finally partialled drys at .37

[16:00] {Threei}  wtg elepet

[16:00] {Threei}  don't know how you can hold them for so long

[16:00] {Threei}  but paid off well

[16:01] {KSystems} !daV "rally" yas yam uoY

[16:01] {Threei}  oh boy

[16:01] {elepet} it was a struggle.. don't forget, i've been a long term investor. years.

[16:01] {Threei}  scary thought

[16:01] {Threei}  Ok guys, thank you all

[16:01] {larisa} see you guys tomorrow :)

[16:01] {Threei}  have a good evening, see you all tomorrow

[16:02] {KSystems} good night!

[16:02] {hawkfan4} nite all

[16:02] {patience} thanks vad and all, a modestly successful day but good nonetheless   :)

[16:03] {magoo} u not waiting for aapl fireworx vad?

[16:05] {Threei}  what time?

[16:06] {magoo} might be 430

[16:06] {Threei}  well

[16:06] {Threei}  if I don't fall asleep

[16:07] {dino} yes, thx all didn't do as much as i should have (3 for 3) but didn't feel the rally lsting

Jan 20 2009

 Every time we have a great winning day while market suffers like this I feel a bit ashamed... but, here goes: 9 calls, 8 of them are wins, one stop of negligible 11-12 cents... Doesn't get much better than this.  

Session Time: Tue Jan 20 00:00:00 2009

[07:26] {nemo} morgen...

[07:34] {nemo} mornin' patience

[07:58] {cujo} good morning.

[07:58] {Threei}  Good morning RT

[08:04] {cosmo} 3i:)

[08:04] {Threei}  cosmo :)

[08:04] {cosmo} what's the url for the mIRC video (old)

[08:05] {cosmo} ?

[08:05] {Threei}  looking

[08:08] {Threei}  http://www.screencast.com/t/Wj9rVYsgPP3

[08:09] {cosmo} thx:)

[08:09] {hawkfan4} morning all

[08:09] {Threei}  hawk :)

[08:10] {Threei}  RBS... sheesh

[08:11] {hawkfan4} wow, that's nasty

[08:21] {magoo} morning...i thinkj im in the mIRC room today

[08:22] {magoo} hello?

[08:22] {cujo} hey magoo

[08:22] {cujo} you are here. 

[08:23] {magoo} thanx cujo:)

[08:23] {magoo} been a struggle :)

[08:24] {Threei}  magoo :)

[08:24] {Threei}  welcome aboard cujo

[08:24] {magoo} vad:)

[08:24] {cujo} Thanks.

06[08:29] * KSystems writes onto the board "THIS is the right channel. THIS is the right channel"

[08:29] {KSystems} hello cujo

[08:31] {wishbone} good morning

[08:31] {Threei}  wish :)

[08:31] {cujo} hey KS

[08:32] {cujo} how are ya

[08:38] {Peterg} Morning all; this is early

[08:38] {Threei}  peter :)

[08:40] {magoo} stt

[08:40] {magoo} news

[08:40] {Threei}  07:11am [STT] Reports Q4 $1.18 v $1.14e, R $2.67B v $2.46Be

[08:41] {Threei}  01/19/09 06:23pm [STT] WSJ reports that the bank is facing potential losses in key areas

[08:41] {magoo} but it beat?

[08:42] {Threei}  STT had $5.5B in unrealized losses as of December 31, 2008

[08:42] {Threei}  - As of December 31, 2008, there were $5.5B of after-tax net unrealized losses associated with our portfolio of investment securities available for sale and held to maturity

[08:42] {Threei}  - In Q4 08, we recognized a $78M charge to earnings as a result of other-than-temporary impairment determinations

[08:42] {Threei}  - At December 31, 2008, the net asset value based upon market value of our unregistered cash collateral pools ranged from 90.8c to $1.00, with the average weighted net asset value on such date being 95.5c.

[08:42] {Threei}  - A substantial portion of the decline in the market value of these assets occurred in Q4 08.

[08:46] {magoo} so vad, in your opiniion is this over sold down or more pain all day?

[08:47] {Threei}  my working assumption is, selling pressure at first, then strong snapback

[08:47] {Threei}  but you know...

[08:47] {Threei}  we will see

[08:48] {magoo} right

[08:50] {Threei}  btw,

[08:51] {Threei}  while we were mesmerized by PALM action on Fri,

[08:51] {nemo} faz

[08:51] {nemo} oops

[08:51] {Threei}  have you noticed DRYS didn't participate in recovery at all, and finished at the low?

[08:53] {nemo} drys

[08:53] {nemo} oops

[08:55] {Threei}  for Canadians who enjoy nice exchange rate when book their profits:

[08:55] {Threei}  KEY TECHNICAL LEVELS AHEAD OF BANK OF CANADA INTEREST RATE DECISION

[08:55] {Threei}  - Resistance3 seen at 1.3030 Early dec 2008 stal zone

[08:55] {Threei}  - Resistance2 seen at 1.2920 is 100-month mvg avg

[08:55] {Threei}  - Resistance1 seen at 11.2730 is former 2004 and 2005 pivot

[08:55] {Threei}  ***Current Level 1.2640

[08:55] {Threei}  - Support1 seen at 1.2560 - Former Q4 reflection point

[08:55] {Threei}  - Support2 seen at 1.2370 - Late Dec, early jan pivot zone

[08:55] {Threei}  USD/CAD

[08:58] {Threei}  wow, I just noticed... magoo, you made it via MIRC??

[08:59] {Threei}  that's a serious technical achievemnt on your part

[09:00] {Threei}  (CA) BANK OF CANADA CUTS BY 50BPS TO 1.00%, AS EXPECTED

[09:00] {dptl} gm all

[09:00] {Threei}  dp :)

[09:01] {Onix} Good morning all

[09:02] {Threei}  onix :)

[09:03] {Threei}  closest natural support for PALM is 7 - 7.20 area

[09:04] {Threei}  big offer at 7.50... if consolidates close to it and chews through it, will be a long trigger

[09:07] {magoo} [08:59] {Threei}  wow, I just noticed... magoo, you made it via MIRC??

[09:07] {magoo} [08:59] {Threei}  that's a serio

[09:07] {dino} gm

[09:07] {Threei}  dino :)

[09:08] {magoo} thank u...thank u....

[09:08] {dino} dino hooked him up

[09:08] {dino} he's buying

[09:08] {fernp} Hello everybody

[09:08] {Threei}  one thing to keep an eye on is UAUA... seems to restore its connection with the market

[09:09] {Threei}  fern :)

[09:09] {magoo} pundits said 72% of time mkts end down on inaug day

[09:09] {magoo} where the hell was the obama inaug rally?

[09:10] {Threei}  well... it seemed to be in cards until RBS came and ruined everything

[09:10] {cosmo} ...he needs to 'earn it'

[09:12] {dino} why do we get one, really nothing has changed, things are terrible financially

[09:13] {Threei}  it's all about perception as always...

[09:13] {magoo} mkts just react to psychology...not looking for bull...but jeez...shorts cant win all the time 

[09:13] {Threei}  and perception is, everything's gonna be fixed in the next few hours

[09:14] {Threei}  hangover takes full 24 hours to pass sometimes, ya know... {G}

[09:16] {magoo} oh..i know

[09:16] {Threei}  lol

[09:16] {nemo} I've had 3 day hangovers

[09:17] {Threei}  that's an achievement in and off itself

[09:17] {nemo} dubious at best

[09:17] {dino} ouch nemo

[09:18] {nemo} wayward youth

[09:18] {Threei}  so far PALM manages to hold 7.30 - 7.35

[09:21] {ese} morning......

[09:21] {Threei}  ese :)

[09:21] {i2romantis} morning everyone

[09:21] {Threei}  i2r :)

[09:22] {Threei}  repeating for canucks"

[09:22] {Threei}  [09:00] {Threei} (CA) BANK OF CANADA CUTS BY 50BPS TO 1.00%, AS EXPECTED

[09:24] {patience} gm RT, and Ese... AGU gave me +.72 yesterday...slow and steady

[09:25] {Threei}  patience :)

[09:25] {Onix} hi patience

[09:25] {patience} gm guys  :)

[09:25] {patience} scalping gold plays this morning

[09:25] {elepet} good morning

[09:25] {Threei}  elepet :)

[09:26] {Onix} hi elepet

[09:26] {KSystems} morning :)

[09:27] {magoo} i never had 3 day hangover because if it wasnt getting better by noon...i resume the bottle

[09:27] {KSystems} Good morning camelot!

[09:27] {Threei}  i2r, look dcc please

[09:27] {nemo} hair of the dog never worked for me

[09:28] {Threei}  let's stay inactive at the very open

[09:28] {magoo} STT looking at becoming teenager again

[09:28] {Threei}  want to let things settle down and start showing something more or less indicative

[09:31] {Threei} Long Setup:  PALM  7.50 break

[09:31] {Threei}  stop under .30

[09:32] {magoo} in

[09:33] {magoo} took .47 aggress

[09:33] {Threei}  sharp spike into 1:1 area

[09:34] {Threei}  let' book half, or take scalp

[09:34] {Threei}  half out for me

[09:34] {dptl} out +.20 ty

[09:34] {Threei}  welcome sir

[09:34] {hawkfan4} out +.24, thx

[09:35] {cujo} out +.28

[09:35] {cujo} thanks 

[09:35] {magoo} out .82 TY

[09:36] {Threei}  welcome guys

[09:36] {Threei}  1/4 more out

[09:37] {Threei}  am I too optimistic?

[09:37] {Threei}  nope :)

[09:37] {Threei}  out in full

[09:37] {Threei}  8.10

[09:37] {magoo} nice

[09:37] {Threei}  +.58

[09:37] {Threei}  can I go home?

[09:37] {magoo} what do u thin?

[09:37] {i2romantis} very nicely done!

[09:38] {dino} gj

[09:39] {Threei}  STT

[09:39] {Threei}  EXEC: AFTER HOLDING CONFIDENTIAL DISCUSSIONS, HAVE DECIDED NOT TO RAISE ADDITIONAL EQUITY CAPITAL - CONF CALL

[09:39] {Threei}  - Note that in its earnings release, STT noted it is "determined not to raise equity during current market conditions."

[09:40] {ese} Ntrs dino.....

[09:40] {Threei}  watching DRYS for 13 break and sharp dump

[09:40] {dino} watching pcln, axys, itri

[09:41] {dino} wynn

[09:41] {ese} l 45

[09:41] {ese} small

[09:41] {ese} out 

[09:41] {patience} tsx down quickly  -135

[09:41] {ese} 46.10

[09:41] {ese} whoaaaaq

[09:42] {ese} + $1.10 on 300 shs

[09:42] {Threei}  wtg ese

[09:42] {patience} very nice ese

[09:42] {ese} man that was fast

[09:42] {cujo} nice ese

[09:42] {ese} had no time to type

[09:43] {ese} tks

[09:45] {Threei}  MYGN 52 week highs

[09:45] {magoo} RIMM strong vs mkts vad

[09:45] {Threei}  UPDATE: GOLDMAN SACHS RAISED PALM TO NEUTRAL FROM SELL

[09:45] {Threei}  - pre-open

[09:46] {Threei}  RIMM pulled back nicely into support

[09:46] {Threei}  bounce candidate with market

[09:46] {ese} Ntrs   still running

[09:46] {Threei}  52 recross, half lot

[09:47] {Threei}  if stays above .85

[09:47] {KSystems} in

[09:48] {Threei}  1:1 in a hurry

[09:48] {Threei}  half out

[09:48] {Threei}  .24

[09:48] {cujo} out +20

[09:48] {cujo} thanks again

[09:48] {Threei}  scalpers take profit and be happy

[09:49] {tomg} thanks vad

[09:49] {Threei}  welcome

[09:49] {Threei}  .95 stop for the balance

[09:50] {Threei} Long Setup:  DRYS  13.10 half lot if stays above 13

[09:51] {KSystems} in

[09:52] {Threei}  out balance RIMM

[09:52] {Threei}  market weakened

[09:52] {Threei}  wow

[09:54] {Threei}  nice resilience DRYS

[09:54] {Threei}  just don't shake us out

[09:54] {magoo} DRYS triggered?

[09:55] {Threei}  yes

[09:55] {Threei}  come on market, little help

[09:55] {magoo} in .09 then

[09:55] {dino} stt "does not need to raise money" heard that before

[09:55] {Threei}  uhhu

[09:55] {Threei}  they all don't

[09:55] {Threei}  until they do

[09:56] {Threei}  ok DRYS, it's time

[09:56] {Threei}  move your butt, will ya

[09:59] {Threei}  1:1

[09:59] {Threei}  half out .23

[09:59] {Threei}  scalpers know what to do

[10:00] {dino} lod

[10:00] {magoo} i keep forgetting if i am a true scalper

[10:00] {nemo} use a rusty knife mags?

[10:00] {dino} sm l itri .60

[10:01] {dino} sm l pcln .60

[10:01] {Threei}  that's between you and trading gods, magoo... I am not getting involved

[10:02] {magoo} i sacrificed 20 squirrels to the trading gods this weekend

[10:02] {nemo} gotta' be people

[10:02] {Threei}  can use bats

[10:02] {magoo} in rome..they sacrificed bulls

[10:02] {nemo} squirrel's pretty good

[10:03] {nemo} look where that got them

[10:03] {dino} 7995, 1141, 817 thurs. lows

[10:03] {Threei}  bats play significant and often overlooked role in witchcraft

[10:03] {nemo} Shamanism

[10:03] {nemo} Vad-using such hyperbole gives Shamans a bad name

[10:04] {magoo} Q bounce time?

[10:04] {magoo} in .69

[10:06] {dino} lost over here, don't know how to respond

[10:06] {Threei}  OK, enough of a good thing

[10:06] {Threei}  out DRYS in full

[10:06] {magoo} quote server vad?haveing issues

[10:06] {Threei}  .35, +.25

[10:06] {Threei}  7

[10:07] {Threei}  looks fine

[10:07] {magoo} ty

[10:07] {KSystems} RIMM - in .00 - out 1/2 .22 - out rest .88

[10:07] {dino} celg sm l .25

[10:07] {KSystems} DRYS - in .09 - out 1/2 .23 - out rest .35

[10:07] {magoo} out drys .37 TY

[10:08] {Threei}  good job guys

[10:08] {Threei}  but why so low on RIMM KS?

[10:08] {Threei}  we trailed stop after 1:1 was hit

[10:09] {KSystems} to .95?

[10:09] {KSystems} yeah and i wasnt watching when it broke

[10:09] {magoo} it was fast fall rimm

[10:10] {dino} giddy-up

[10:12] {magoo} 1:1 Q

[10:12] {Threei}  PALM non-stop

[10:14] {magoo} drys has that feel vad

[10:14] {Threei}  PALM too

[10:15] {cujo} Vad, is RIMM in range 51.50 to 51.86?

[10:15] {Threei}  RIMM range narrows down

[10:15] {Threei}  see how bands tighten up?

[10:15] {Threei}  will break violently soon

[10:15] {cujo} got ya.  thanks. 

[10:15] {Threei}  now... which way is another matter

[10:16] {cujo} ;)

[10:16] {Threei}  will largely depend on a market,

[10:16] {Threei}  but the point is right now,

[10:16] {Threei}  do not try to pay range on it

[10:16] {Threei}  it's likely to break it

[10:16] {cujo} got it.

[10:18] {cujo} premature to float a buy stop at 52.03 on RIMM?

[10:18] {Threei}  ugh, I would prefer a pullback entry on it

[10:18] {cujo} ok

[10:20] {Threei}  .65 if holding above .50 and if market spikes

[10:20] {Threei}  very small risk

[10:21] {Threei}  there you go, 1:1 in a matter of seconds

[10:21] {Threei}  and above

[10:21] {Threei}  power of aggressive entries

[10:21] {cujo} ugh missed it. Moved a little before i could get in.  

[10:21] {cujo} lesson learned

[10:21] {Threei}  this kind if hard to alert in time, not always possible

[10:21] {cujo} y, but do appreicate. 

[10:22] {Threei}  if I manage to describe the concept andf ilustrate it as close to real time as possible, you will be able to spot it yourself next time

[10:22] {cujo} teach a man to fish...

[10:22] {Threei}  which actually is the purpose anyway

[10:23] {Threei}  teach a man to fish, and he will drink beer on his boat all day

[10:23] {cujo} ha ha ha

[10:23] {Threei}  (magoo's version)

[10:27] {magoo} quotes are REAL bad here

[10:27] {Threei}  hmmm

[10:27] {Threei}  fine here...

[10:27] {Threei}  need any quote?

[10:27] {magoo} nah

[10:28] {magoo} just clunky

[10:28] {dino} celg stop to .89

[10:28] {dino} stopped +.64

[10:29] {Threei} Long Setup:  PLD  near 12

[10:29] {Threei}  stop under 11.90

[10:30] {KSystems} in

[10:30] {cujo} in .05

[10:33] {magoo} in .99

[10:34] {ese} sqnm

[10:34] {ese} L .55

[10:34] {ese} 1/2

[10:35] {ese} stop .40

[10:39] {Threei}  market lost will to live

[10:39] {magoo} again...sigh

[10:39] {dino} out itri .12, +.52

[10:40] {Threei}  wtg

[10:40] {dino} ty

[10:40] {Threei}  no worky PLD

[10:40] {KSystems} stopped pld

[10:40] {cujo} stopped

[10:45] {Threei}  things slowed down considerably

[10:45] {Threei}  we are 3 for 4

[10:45] {Threei}  can relax a bit and wait to see what's next

[10:53] {Threei}  HEARING CSFB SPECULATES STT COULD BE WORTH $40/SHR IN A TAKEOVER SCENARIO

[10:53] {cujo} USO possible bounce VAD?

[10:53] {dino} tighten pcln to .20

[10:53] {Threei}  sure... but USO is a pain central

[10:53] {Threei}  volatility is a killer on it

[10:53] {cujo} y

[10:54] {dino} agreed

[10:55] {dino} stopped pcln .12, +.52 slippsage

[10:55] {ese} out sqnm     .79

[10:56] {magoo} my quotes so bad gonna try a rebopot

[10:56] {dino} re-test lod coming imo

[10:56] {ese} +.24.......really dumb on my part if your waqtching.....

[10:56] {ese} should have been out on the first run up

[10:57] {dino} whippy es, don't beat yourself up

[10:57] {dino} i should've had more on my 3

[10:57] {Onix} gj anyhow ese :D

[10:58] {ese} tks

[10:59] {dino} [10:56] {dino} re-test lod coming imo

[11:00] {cosmo} ANDS 5.50 resistance   fwiw

[11:00] {dino} watching pcln, itri, axys, celg

[11:05] {dino} gut says "up"

[11:06] {dino} axys partial at .50 l

[11:07] {dino} mygn

[11:08] {ese} outta here for the day all........contrats to all of you south of the border....making history today.....take care    

[11:08] {fernp} bye ese

[11:08] {hawkfan4} l8r es

[11:09] {patience} bye ese

[11:10] {dino} like a run dmc market

[11:10] {Threei}  take care ese

[11:11] {nemo} all the traders must be watching inauguration coverage

[11:13] {patience} trading programs still working though nemo...i'm in slw,kinross and goldcorp.  slw creeping up nice and slowly

[11:13] {Threei}  nice C&H on SLW at 6.30

[11:14] {patience} i'm trading it on cdn side and 5 minute chart

[11:15] {Threei}  pullback to 6.20 - .25 is worth a try

[11:20] {cujo} c & h on apple around 80.20?  

[11:20] {Threei}  not really clean formation

[11:21] {nemo} describing my mind or apple?

[11:21] {Threei}  don't overestimate my mind reading powers

[11:22] {nemo} I thought your "third eye" :)

[11:22] {Threei}  it's inward looking one

[11:23] {Threei}  it has 'I don't care" written on the eyelid

[11:23] {dino} lod

[11:23] {Threei}  SLW chose another break instead

[11:25] {Threei}  looking around to see what's holding steady while market hits new low

[11:25] {Threei}  PALM does, so far

[11:26] {dino} markets feel nervous

[11:26] {Threei}  in fact, it starts forming the same pattern as it did on Fri

[11:26] {Threei}  stays nailed to the same price for a while

[11:26] {Threei}  it was 7.20 for a few hoirs, the explosion

[11:26] {Threei}  then

[11:30] {hawkfan4} PALM kinda forming an asc tri if it moves up from here, top of tri is 8.30ish

[11:30] {cujo} RIMM doing something here...

[11:30] {Threei}  on daily you mean

[11:31] {hawkfan4} no, on 5 min

[11:33] {nemo} When's Europe close?

[11:34] {magoo} that palm flatliner does look same vad

[11:35] {Threei}  let's see if we get pullback into .80... if not, 8 break becomes a long trigger with stop under 7.90

[11:35] {Threei}  break is more risky

[11:41] {KSystems} in

[11:41] {Threei}  first strength from here on PALM

[11:41] {Threei}  got .79 - .80

[11:41] {KSystems} .81 here

[11:41] {Threei}  :)

[11:42] {KSystems} stop under .70 ?

[11:42] {Threei}  ether that or .60

[11:42] {Threei}  depending on your target for the trade

[11:43] {Threei}  it hit over 1:1 if .70

[11:52] {Threei}  PALM exhibits strength while market downticks

[11:52] {Threei}  half out .92

[11:52] {Threei}  want to try and milk it

[11:52] {Threei}  you KS?

[11:52] {KSystems} half out as well

[11:53] {Threei}  okay

[11:53] {Threei}  let's see if it has another stunning rally in mind

[11:53] {Threei}  sorry larisa... it's 'ally

[11:53] {dino} itri sm l .60

[11:54] {larisa} :)

[11:55] {Threei}  stop is to .75

[11:55] {Threei}  hate the idea of being shaken out of this trade but gotta do things by the book

[11:56] {Threei}  SLW

[11:56] {nemo} slw-oops

[11:56] {Threei}  .15 closest support

[11:56] {Threei}  first strength is long

[11:57] {Threei}  with stop under .15

[11:59] {cujo} in .25

[11:59] {KSystems} when you say first strength...do you mean MKT strength or SLW?

[11:59] {Threei}  SLW

[11:59] {dino} uh oh, forgot, pcln sm l .25

[12:00] {Threei}  when we are talking about a stock that is clearly market follower, market help is needed by default

[12:00] {Threei}  SLW is not really a market follower though

[12:00] {KSystems} in .slw

[12:03] {dino} obama, late as usual

[12:03] {Threei}  lol

[12:03] {Threei}  good boy PALM

[12:06] {Threei}  is it not a beautiful feeling, to be on the smart side of the trade... to take shares from scared hands and then feed them into hopeful ones

[12:06] {dino} you are a machine

[12:06] {hawkfan4} it is, it truly is

[12:07] {Threei}  above 8, you are at 1:2 with .70 stop and 1:1 for .60 stop

[12:08] {Threei}  come on dino... I like to think of myself as warm, fuzzy, teddy bear...

[12:09] {Threei}  ummm... wait a few minutes for me to finish laughing hysterically, I'll be back in 5

[12:09] {dino} lol

[12:09] {nemo} that likes to watch animals rip each other apart

[12:09] {Threei}  no way

[12:09] {dino} and i'm the kid

[12:09] {Threei}  I like animals

[12:09] {Threei}  people, that's another story

[12:09] {nemo} didn't say you did it...watch it...yeah, me too on the people

[12:12] {Threei}  scalpers who had SLW stop under .20 and treated it as scalp type 1 have 1:1

[12:13] {Threei}  if you took normal size, probably not worth the bother to take profit here

[12:13] {Threei}  and you PALM... enough games, we have 9 to tag

[12:13] {Threei}  {PALM} you are crazy, right?

[12:14] {Threei}  when stock talk back to me, it's a sign of what?

[12:15] {dino} hear it comes, "re-inflate"  echo bubble

[12:15] {KSystems} SLW slowly moving toward day trader's 1:1

[12:18] {Threei}  it hit so close tyo it that trailing srtop to under .20 is justified, IMO

[12:18] {Threei}  ummm... my typing gets worse as day progresses...

[12:19] {Threei}  GM

[12:19] {Threei}  HEAD ON CHEVY NORTH AMERICA: BEGINNING TO SEE CREDIT MAREKTS LOSSEN UP A LITTLE

[12:21] {dino} yeah, because they just got 15b

[12:22] {Threei}  give me 15B and I will see no problem with credit market whatsoever

[12:22] {Onix} ;)

[12:22] {dino} looened for them

[12:22] {dino} loosened

[12:23] {dino} losened

[12:23] {dino} ??

[12:23] {Threei}  see dino? not having 15B makes us struggle with spelling

[12:23] {dino} indeed

[12:24] {KSystems} not that 15B would make our spelling better...just US care less

[12:24] {Threei}  if we did have it... well, not tat our spelling wwould be any better but we wouldn't care

[12:24] {Threei}  lol KS

[12:24] {KSystems} ummm

06[12:24] * KSystems is afraid of what just happened

[12:24] {nemo} palm squeezing...which way?

[12:25] {Threei}  yeah KS... having same train of thought as I do is highly disturbing thing

[12:25] {dino} starting to think ks is 3i

[12:25] {Threei}  europian version

[12:25] {patience} hey dino, good speech...you think we rally this afternoon?

[12:25] {Threei}  younger, more energetic and, sad to admit, better looking

[12:26] {dino} lod

[12:27] {Threei}  and sharp seling

[12:27] {patience} y

[12:27] {cujo} who what is going on...?

[12:27] {dino} dk patience. the way i see it, everybody did, so not

[12:27] {Threei}  who knows cujo

[12:27] {Threei}  just sit it out

[12:27] {Threei}  we have very tight stop on SLW, not much risk there

[12:27] {cujo} got ya :)

[12:28] {Threei}  we have solidly in the money remaining half lot on PALM

[12:28] {Threei}  so let those who want to foght do so to their heart content

[12:28] {Threei}  I am not in trading to make my life tense and nervous

[12:28] {KSystems} stop for remaining PALM portion still .75 ?

[12:28] {Threei}  just the opposite

[12:29] {Threei}  for me, yes

[12:29] {cujo} yeah, rookie nerves here...

[12:30] {Threei}  you are not in anything that can hit you hard

[12:30] {cujo} nope

[12:30] {Threei}  you don't have to rush in the battle when there is a lot of fog over the battlefield

[12:30] {Threei}  enjoy the safety and profit taken earlier,

[12:30] {Threei}  eait for the fog to lift,

[12:31] {Threei}  be relaxed and comfortable

[12:32] {cujo} taking deep breaths

[12:32] {dino} celg

[12:33] {magoo} SIGHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHH

[12:33] {cujo} do you see a decreasing volume reversal in SSO?

[12:34] {Threei}  mags... you sure you are OK? :)

[12:34] {magoo} i have same issue as dino

[12:34] {Threei}  decreasing volume reversal?

[12:34] {Threei}  volume spiked like crazy when it dropped into 21.80

[12:34] {cujo} guess not

[12:34] {magoo} doesnt save what i did o find this room

[12:35] {Threei}  it sure does if you did it right...

[12:35] {Threei}  as KS for help pls

[12:37] {dino} pcln stop to .77

[12:37] {dino} to .85

[12:37] {dino} out slippage .81, +.56

[12:39] {Onix} gj dino

[12:42] {Threei}  second flatlining on PALM today, this time at 8

[12:44] {Threei}  (RU) KREMLIN ECONOMIC AIDE: RUSSIA'S RUBLE CORRECTION IS COMING CLOSE TO THE END

06[12:44] * Threei rushes to convert all his life savings into roubles

[12:48] {dptl} got to go...have a good evening all

[12:50] {Threei}  take care dp

[12:50] {Threei}  SLW 1:1

[12:51] {KSystems} half out .35

[12:51] {Threei}  6 for 7

[12:51] {Threei}  me happy

[12:51] {cujo} nice

06[12:53] * nemo slaps laserdave around a bit with a large trout

[12:53] {nemo} sorry

06[12:53] * Threei slaps laserdave around a bit with a large reminder that martket opened a few hours ago

06[12:54] * magoo slaps laserdave around a bit with a large roll of cash

[12:54] {laserdave} owdy

[12:54] {Threei}  lol... dave can't complain about lack of creativity in the room

[12:54] {Threei}  ti et slapped with so vastly different things within a span of one minute

[12:56] {nemo} I'd have slapped him with Obama's speech, but all I've got is the trout...

[12:56] {KSystems} oh nemo

[12:56] {KSystems} i can help you there

[12:56] {nemo} vielen dank

[12:56] {dino} ty onix

[12:57] {dino} sookie stackhouse

[12:58] {KSystems} ARGH i deleted my own script

[12:58] {nemo} that's a bitch

[12:58] {KSystems} a couple of people have it around here, nemo. someone will probably be able to send it to you

[12:58] {Threei}  we diversified from trout when found out Realityttader gets high raniking among fishing sites, nemo

[12:59] {nemo} would somebody send me the script

[12:59] {magoo} i luv sookie :)

[13:00] {nemo} mmmm...Vad....PALM setting up for another entry???

[13:00] {Threei}  sent nemo

[13:00] {Threei}  I think so

[13:00] {nemo} privyet

[13:00] {Threei}  stays at this new consolidation levekl while market is dropping

[13:02] {dino} in protest, i'm staying w/trout

[13:02] {Threei}  protest against what?

[13:02] {Threei}  give me a woirthy cause and I will join

[13:02] {KSystems} nemo: just replace the file in your mIRC directory with the new one

[13:02] {Threei}  SLW baby

[13:03] {dino} protesting all sorts of change

[13:03] {Threei}  I am right there with you

[13:04] {dino} as i expected

[13:05] {Threei}  KS, you want to try and ride second half of SLW?

[13:05] {KSystems} sure

[13:05] {Threei}  stop to .24 then

[13:05] {KSystems} allright

[13:07] {Threei}  isn't it ironic... 7 trades, 6 wins - and all of them are on the long side on a red day

[13:08] {patience} does that mean we are smart money?

[13:08] {Threei}  whatever... main thing is, we are making it :)

[13:09] {magoo} only smart dino is ..is smartass

[13:09] {nemo} what director that ini file go in vad?

[13:09] {Threei}  mirc

[13:09] {Threei}  adbe

[13:10] {nemo} duh...boy! did I just have a Homer Simpson MOMENT!!!!

06[13:11] * magoo slaps nemo around a bit with a large marge large hairdue

[13:12] {Threei}  SEN GRASSLEY: CERTAIN SENATORS HAVE VOICED CONCERN OVER GEITHNER AND THE TARP PROGRAM

[13:12] {Threei}  and here it starts again

[13:13] {Threei}  didn't take long for the bickering to resume

[13:13] {nemo} Plu Cest Change plu cest le meme chose

[13:13] {elepet} are you still in slw? I am.

[13:13] {Threei}  KS is

[13:14] {Threei}  I am not... I have patience for one sl,ow stock, not for two

[13:14] {patience} i'm still in it

[13:14] {patience} suits my style...i'm washing the floors and can check on it occasionally   lol

[13:14] {patience} sorry, just funny to me

[13:15] {elepet} as for me i am dancing around the living room.

[13:16] {Threei}  OK... I'll be singing then

[13:17] {elepet} i never am quite in sync with you vad, when did you get out of slw?

[13:17] {Threei}  at 1:1, .35

[13:18] {Threei}  [12:50] {Threei} take care dp

[13:18] {Threei}  [12:50] {Threei} SLW 1:1

[13:18] {Threei}  [12:51] {KSystems} half out .35

[13:18] {Threei}  [12:51] {Threei} 6 for 7

[13:18] {Threei}  [12:51] {Threei} me happy

[13:18] {elepet} ok i'll try thst if it gets back up there

[13:19] {Threei}  why not partial even if you intend for a longer hold

[13:19] {Threei}  you know your 1:1s, don't really need my alert

[13:19] {gen} hi everybody

[13:19] {Threei}  gen :)

[13:20] {gen} Vad :)

[13:20] {Threei}  missed beautiful morning

[13:21] {gen} I had to go to my regular job :(

[13:21] {elepet} you forget how new i am. i don't even know what you mean by 1:1

[13:21] {dino} pcln sm l .09

[13:22] {dino} risk:reward

[13:23] {Threei}  you need MPP or scalping course elepet... or both

[13:25] {gen} AMZN ?

[13:25] {Threei}  nothing familiar

[13:25] {Threei}  exceopt symbol :)

[13:33] {dino} pcln stopped -.33

[13:34] {Onix} :/

[13:34] {KSystems} SLW - in .26 - out 1/2 .35 - out rest .24

[13:36] {dino} too tight pcln

06[13:38] * nemo slaps nemo around a bit with a large trout

[13:43] {Threei}  gen look dcc please

[13:45] {Threei}  (RU) RUSSIA 2009 BUDGET DEFICIT APPROXIMATED AT 8.5% OF GDP ASSUMING OIL AT APPROX $40/BBL

[13:45] {Threei}  maybe I won't switch to roubles...

[13:51] {dino} celg sm l .15

[13:54] {patience} out slw -.04

[13:55] {gen} I am leaving now 

[13:55] {gen} back to work :(

[13:55] {Onix} best of luck gen

[13:55] {gen} happy trading everybody

[13:56] {Onix} thanks

[14:00] {Onix} the Dow going for another bounce @ 8000?

[14:01] {Threei}  SLW selling getting exhausted

[14:03] {dino} cya gen

[14:08] {Threei}  starts looking like marketis ready to reverse

[14:09] {Threei} Long Setup:  RIMM  .86 stop under .70, half lot

[14:10] {Threei}  lol

[14:10] {Threei}  VIDE

[14:10] {Threei}  AYDIN SELECTED BY GENERAL DYNAMICS FOR CDS DISPLAYS

[14:11] {Threei}  look at level 2

[14:12] {Threei}  RIMM invalidated as a break but becomes an aggressive entry, as close to .60 as possib;e

[14:12] {Threei}  with stop under .50

[14:13] {KSystems} out PALM

[14:16] {nemo} SLW double bottoming?

[14:16] {jmb} thanks vad RIMM

[14:17] {Threei}  :)

[14:17] {Threei}  looks like, SLW... hard to tell in this muddy market

[14:18] {Threei}  waves of sudden selling out of nowhere

[14:18] {Threei}  heistant to trade against them

[14:18] {KSystems} are you still in RIMM Vad?

[14:18] {Threei}  just a quick scalp, .59 - .76

[14:19] {Threei}  it's a counter-trend trading, not hanging around for too long

[14:19] {KSystems} allright

[14:19] {Threei}  bite you easy piece, get out

[14:19] {Onix} please help, i can not understand it: we are in this global financial crisis because banks lent too much too easy, now governments want to encourage banks to lend more?

[14:20] {Threei}  hehe

[14:20] {Threei}  it's like healing hangover with shot of vodja in the morning Onix

[14:20] {Threei}  vodka

[14:20] {nemo} onix, watch the standards this time around.  If there are no credit lines, there is no business.

[14:21] {Onix} ;) Vad

[14:22] {nemo} this is gettin' ugly

[14:23] {Threei}  depends on your definition of beauty

[14:23] {Onix} going to test 8000 level on Dow

[14:24] {nemo} Like the Bulgarian definition?

[14:24] {Threei}  that, or ostrich once

[14:24] {nemo} ostrich taste good

[14:24] {Threei}  head in the sand, whatever happens outside me no care

[14:25] {nemo} unless you have a shotgun pointed at your alimentary canal

[14:27] {Threei}  will VSEC ever bounce or is it a dead duck?

[14:27] {nemo} dead ostrich?

[14:27] {Threei}  not that I am interested, not my type of stock

[14:27] {Threei}  dino may be though

[14:28] {dino} hmmm

[14:29] {cujo} vad +.17 on RIMM.  Thanks.  Forgot to post when it executed.  

[14:29] {Threei}  wtg cujo

[14:29] {cujo} tnkx

[14:29] {dino} gj cujo

[14:29] {dino} army not looking at vsec bid

[14:42] {Threei}  yeah

[14:43] {Threei}  nice bounce SLW

[14:43] {Threei}  anyone went for it?

[14:43] {cujo} nopers

[14:43] {patience} does a duck swim?

[14:44] {Threei}  unless pond is frozen...

[14:44] {patience} good point

[14:45] {patience} wait a sec, didn't you tell me yesterday felt like summertime?

[14:45] {patience} no frozen ducks

[14:46] {Threei}  it did... I just make a general statement

[14:46] {Threei}  I have to maintain reputation of master of the obvious, remember

[14:46] {Threei}  I worked long and hard to earn it

[14:47] {Threei}  PIMCO'S GROSS: REITERATES THAT TREASURIES ARE OVERVALUED

[14:47] {dino} celg stopped -.36

06[14:47] * Threei reaches for all his treasures hidden in the attic and sells them

[14:52] {Threei}  Sen Kennedy collapsed during luncheon

[14:53] {cujo} bounce time?

[14:53] {nemo} Have you seen his belly?

[14:53] {larisa} he has brain cancer

[14:53] {Threei}  hard to tell cujo, need some more definitive action than this

[14:54] {nemo} RIMM getting off the mat?

[15:00] {Threei}  two senators actually

[15:00] {Threei}  Robert Byrd too

[15:00] {Threei}  what's going on... senators are dropping like flies

[15:02] {Threei}  banks got seriously killed today

[15:03] {Threei}  and in fact are what mainly weighs on the market

[15:03] {Threei}  compare % down for the financials and indices

[15:05] {Onix} all the government props of financials are breaking under the weight

[15:06] {Threei}  confirms the notion that financial sector is not what is going to lead the market on the way up

[15:06] {Threei}  IMO, they will lag

[15:07] {dino} breaking jan. and dec. lows

[15:07] {nemo} hide the women and children

[15:07] {Onix} you think the market will ever go up again Vad :O

[15:08] {nemo} I guess the inauguration was "sell the news"

[15:08] {Threei}  not really Onix... it's going to drop eternally

[15:09] {nemo} Yep...right into 2012...we're all gonna' die

[15:09] {Threei}  of course when 'ally sta'ts I will assu'e you we will neve' eve'; even pull back anymo'e

[15:09] {Onix} :D

[15:14] {nemo} Hey mags...see this:    http://www.telegraph.co.uk/scienceandtechnology/technology/apple/4297205/Sniper-rifle-software-launched-for-iPod-touch.html

[15:16] {Threei}  watch DRYS scalpers

[15:16] {Threei}  likelt to lose 13, dive quickly and provide scalpable bounce

[15:16] {dino} s&p -14% in 9 trade days, dji -12%, ndx-11%. pretty brutal

[15:16] {Threei}  not likely to call it in time, will be quick

[15:16] {dino} there goes my b-day again

[15:16] {Threei}  either you get a feel for it or stay away

[15:16] {Threei}  and keep to half lot, no need to spoil a goosd day

[15:18] {Threei}  held 13...

[15:18] {Threei}  oh well

[15:20] {Threei}  PALM is getting hit brutally

[15:20] {Threei}  7.50 break for a quick scalp

[15:20] {nemo} from golden boy to readheaded step-child

[15:20] {Threei}  hehe

[15:21] {Threei}  yesterday's darlings...

[15:22] {nemo} jaime was right...not

[15:22] {Threei}  take scalp

[15:22] {jmb} thanks vad PALM

[15:22] {Threei}  sure thing

[15:22] {Threei}  easy money to be picked up

[15:23] {Threei}  missed DRYS, 13 was such a tempoting support to break, was pretty sure it would

[15:24] {nemo} RIMM vad?

[15:24] {Threei}  I'd stay away from it for now

[15:24] {nemo} yep

[15:34] {dino}  -5% ndx, s&p today

[15:34] {dino} crazy, when average yearly is only 6%

[15:34] {dino} idcc

[15:35] {dino} good thing cnbc was talking the obama rally and bottom early january

[15:35] {Threei}  lol

[15:40] {dino} 3:40

[15:44] {Onix} i think i see blue blood flowing in Wall Street today with the royal financials being slaughtered royally

[15:45] {Threei}  look at FSLR and other solars, and you'll se green blood too

[15:45] {Onix} :)

[15:45] {nemo} skf up 27% today...that's green

[15:46] {Onix} unbelievable!

[15:47] {Threei}  look at BAC

[15:48] {dino} c 2.88

[15:48] {Onix} BAC & C close to dropping off the charts into the abyss

[15:48] {Threei}  yeah... jeez

[15:49] {nemo} yeah...they'll trade with FNM and FRE

[15:50] {dino} close to being nationalized

[15:50] {Threei}  hey... maybe this way we will get rid of fed?

[15:50] {nemo} you dreamin'

[15:51] {dino} nope, they are insolvent as it is

[15:51] {Threei}  nationalize them all, then let them go private keeping central bank functions belonging to state

[15:51] {nemo} too much power to give up

[15:52] {dino} markets not liking the tax, spend, more regulation administration

[15:52] {dino} plus, the 3:40 bounce is not working under them

[15:53] {dino} :)

[15:53] {Threei}  that's upsetting

[15:53] {Threei}  I jusr learned how to play it

[15:53] {Threei}  stop changing game rules on me

[15:53] {Threei}  wait... changing the rules IS the rule

[15:54] {Onix} :D

[15:56] {Threei}  finshing at the low

[15:56] {Threei}  yikes

[15:56] {Threei}  DRYS

[15:56] {Threei}  too close to eod :)

[15:58] {wishbone} good nite all

[15:58] {Threei}  take care wish

[15:58] {larisa} good night :)

[15:58] {Threei}  ok guys, tell me please

[15:58] {dino} cya wish

[15:58] {Threei}  should we be ashamed to say "nice day" when markets are bleeding like that?

[15:59] {Threei}  or let's keep our head high and say it anyway?

[15:59] {Threei}  no one even talking to me...

[16:00] {Threei}  whatever... I won't talk to you either

[16:00] {nemo} I'll talk to you...vad

[16:00] {patience} i'm just thankful we aren't down 700 or 800 points...hate those days

[16:00] {cujo} sry vad, watching mkt tank

[16:00] {Threei}  other than say, have a nice evening, see you tomorrow

[16:00] {Threei}  but tomorrow I am not talking to any of you

[16:00] {KSystems} bye :)

[16:00] {KSystems} and thank you

[16:00] {Threei}  exdept nemo

[16:00] {Threei}  patience

[16:00] {cujo} Have a good one

[16:00] {Threei}  cujo

[16:00] {patience} :))))

[16:00] {Threei}  and KS

[16:00] {Threei}  lol

[16:00] {dino} ?

[16:01] {Threei}  never mind dino... I am having my end of day fun

[16:01] {Threei}  I mean, fun as I understand it

[16:01] {nemo} Yeah, and it's just after lunch for you

[16:01] {Threei}  which is, you know... dubious at best

[16:01] {fernp} see you all tomorrow, good evening

[16:01] {Threei}  fern :)

[16:02] {dino} hmmmmm

[16:03] {dino} in any case, calling it a day

Jan 16 2009

Beautiful end to a questionable week. Even though our working assumption (strong rally) did not materialze till later in the day, and was not anywhere as strong as we anticipated, trades worked out nicely. Trade of note was almost all day long PALM hold for almost a dollar gain on relatively big shares; a few scalps throughout the day done in accordance with umbrella concept allowed to increase the profit from this trade even more.

 

Session Time: Fri Jan 16 00:00:00 2009

[07:40] {nemo} mornin'

[07:57] {nemo} Where's the sleepless asylum boss

[08:01] {Threei}  here

[08:02] {Threei}  good morning :)

[08:03] {nemo} whoa! looks like my cold broke last night.  One day was enough...I'm such a p**dah.

[08:04] {Threei}  lol

[08:04] {nemo} How are you today

[08:05] {Threei}  alive

[08:05] {Threei}  which is a nice surprise every morning

[08:05] {nemo} another day above ground, huh?

[08:06] {nemo} Eh, how do we know?

[08:06] {Threei}  eqzaktly

[08:06] {nemo} Oh, I think Georgy was what Zhukov used to call Stalin

[08:06] {_cujo} good morning all. 

[08:06] {Threei}  cujo :)

[08:07] {nemo} dog :)

[08:07] {_cujo} grrr windows restarting....  brb

[08:20] {nemo} Futures up on the roof

[08:21] {Threei}  yup... rally mode

[08:22] {nemo} funny...financials down...

[08:23] {Threei}  not really a big surprise

[08:23] {Threei}  financials is not what is going eventually leads us out of this mess

[08:23] {Threei}  to lead us

[08:24] {nemo} no, I suppose...they'll be down for a while.  For all intents and purposes, there are no financials.  Just Potemkin Villages called banks

[08:24] {Threei}  lol

[08:24] {Threei}  good reference

[08:24] {nemo} Catherine was quite a girl

[08:31] {ese} "People all over the world"  "Join hands"  "Start a love train....LoveTrain"  "People all over the world" my moring hello by the O'Jays.

[08:31] {Threei}  morning ese :)

[08:31] {ese} hey vad

[08:32] {Threei}  serious bidder PALM

[08:32] {nemo} what stocks watchin' this mornin'

[08:33] {Threei}  on a day like this you can watch pretty much whole market...

[08:33] {Threei}  PALM, DRYS, RIMM

[08:33] {_cujo} If you don

[08:33] {nemo} thought you might say that,  slw auy probably the solar's too

[08:34] {_cujo} If you don't have any scanning software how many stocks can you watch with enough detail?

[08:34] {Threei}  it has potential to turn into whole day non-stop rally

[08:35] {Threei}  not sure I understand the question cujo

[08:35] {Threei}  as many as your attention span allows? :)

[08:36] {nemo} 1

[08:36] {_cujo} sometimes when i have north of 10 names in quote monitor and trying to watch all 10 I start missing things on the chart.  How many names do you suggest we have and try to actively watch?

[08:36] {Threei}  I can;t answer that simply because this is not at all how I do things

[08:36] {_cujo} got ya

[08:38] {Threei}  there is a general notion in psychology saying that human attention starts breaking down by parts when trying to keep up with more than 7 objects

[08:38] {nemo} I lost it trying to keep up with 1 wife

[08:38] {Threei}  people during the party talk as a group if there are 7 and less of them for instance,

[08:38] {Threei}  but exceed this number, and party will naturally break down by two groups

[08:39] {Threei}  Put up to 7 subjects on the table, and most people can count them without actually counting

[08:40] {Threei}  just gauging by a single glance

[08:40] {Threei}  Exceed 7, and most people will have to actually count

[08:40] {i2romantis} morning everyone :)

[08:41] {Threei}  that would explain why your attention starts breaking them down by gropous when you observe about 10 stocks

[08:41] {Threei}  i2r :)

[08:41] {i2romantis} 3i:)

[08:41] {wishbone} good morning

[08:41] {Threei}  wish :)

[08:41] {_cujo} makes sense

[08:43] {i2romantis} what is going on with PALM

[08:43] {i2romantis} i sell it and it goes up another $1? that's just not cool :)

[08:43] {Threei}  lol

[08:43] {Threei}  it has become a market follower

[08:44] {Threei}  if we get the kind of rally I suspect we get today, I won't be surprised to see it gaining another buck

[08:46] {Threei}  daily chart wise, it has no significant resistance up to 9

[08:48] {i2romantis} ok

[08:49] {Threei}  doesn't mean it can get there without broad market rally

[08:49] {Threei}  but today so far looks like we will get just that

[08:49] {Threei}  08:17am Baltic Dry Bulk Index -3%, a second straight decline

[08:49] {Threei}  DRYS is gapping up solidly despite that

[08:52] {Threei}  closer to opening I'll suggest a strategy for today to try and utilize the day's potential to its fullest

[08:52] {Threei}  meanwhile, refresh quickly in memory umbrella concept

[08:56] {Threei}  ALERT: ALL NYC, CHICAGO CUSTOMER PHONE LINES ARE DOWN.

[08:56] {Threei}  -Network engineering has a ticket open with Verizon they appear to have a NYC area switch failure. No ETA.

[08:56] {Threei}  wow

[08:57] {nemo} wonder if that's data lines too

[08:59] {ese} that can cause a panic....turn a day from positive to negative in a hury

[09:04] {lisa_jay} Good Morning.

[09:04] {Threei}  lisa :)

[09:06] {ese} lisa

[09:07] {Peterg} good morning

[09:07] {Threei}  as long as it's not a terrorist act, should be of no consequense ese

[09:07] {lisa_jay} Hi Ese.

[09:07] {Threei}  peter :)

[09:07] {elepet} good morning

[09:07] {Threei}  elepet :)

[09:07] {Peterg} will we ever get history?

[09:07] {Peterg} of chat?

[09:07] {Threei}  peter... success connectiong on autopilot today?

[09:07] {Peterg} Yep

[09:07] {Threei}  OK

[09:07] {Peterg} tks

[09:08] {Threei}  doubt on replay, it's not a feature of server-side software

[09:08] {Peterg} so is this better than the old way, kemosabe?

[09:08] {Threei}  what I can do is, repost in the floor important parts of pre-market conversation, close to opening

[09:08] {KSystems} Morning!

[09:08] {Threei}  KS :)

[09:08] {_cujo} morning KS

[09:09] {Threei}  no, it's worse

[09:09] {ese} ks......

[09:09] {Threei}  but you don't think we have switched to new server in order to get rid of that feature?

[09:09] {Peterg} what, the record feature?

[09:09] {Threei}  replay

[09:10] {Peterg} assumed quest was for stability of platform

[09:10] {Threei}  that's korrekt

[09:10] {elepet} thanks I was about to ask the question how do i find out what happened before I logged on? is replay the answer? if so, how?

[09:10] {Threei}  or is it korreqt?

[09:10] {Peterg} really don't know why, basically following orders

[09:10] {Peterg} like both variants

[09:11] {Threei}  you can't elepet

[09:11] {Peterg} in the new world there is no history only the eternal now

[09:11] {Threei}  right

[09:11] {Peterg} good for trading mentality

[09:11] {cosmo} each moment, once created, exists for all eternity

[09:11] {hawkfan4} gm all

[09:11] {Peterg} oooh

[09:12] {Threei}  cosmo, that deep

[09:12] {Threei}  hawk :)

[09:12] {cosmo} sorry

[09:12] {Peterg} very good!

[09:12] {dptl} gm all

[09:12] {Threei}  dp :)

[09:13] {ese} dp....

[09:13] {dptl} :)

[09:13] {Peterg} so perhaps one should leave discussions permanently on...?

[09:13] {Peterg} 24/7

[09:13] {Peterg} then history is recorded

[09:13] {Threei}  why not

[09:13] {Threei}  you were out for a few days when it developed peter... old server started literally falling apart

[09:14] {Threei}  5-10 disconnects a day

[09:14] {Peterg} uh oh, dino is getting booted

[09:14] {Peterg} yeah vad I missed the disintegration

[09:16] {Threei}  KS led us to safety, over the span of two days

[09:16] {Threei}  building things on the go

[09:16] {cosmo} parting the waters. etc.

[09:16] {Peterg} Our own Moses, leading the tribe

[09:17] {Threei}  there you go.... some appreciation fiinally :)

[09:17] {Threei}  be back in 5

[09:17] {cosmo} and for the next 49 years...

[09:17] {cosmo} 40

[09:18] {Peterg} yeah, I remember that part, too :)

[09:18] {Peterg} I will then be at the age at which I will have been dead for a while

[09:18] {Peterg} So meanwhile lets make some money

[09:19] {Peterg} have some fun  (cue song, all I want to do.....)

[09:21] {ese} "If I had a million dollars......i'd buy me a fur coverd sink"

[09:21] {Peterg} whats that singers name?

[09:21] {ese} "If I had a million dollars....I'd buy me an electric dog pollisher"

[09:21] {elepet} are we watching anything except DRYS?

[09:21] {ese} Bare Naked Ladies

[09:22] {Peterg} and all I want to do?

[09:22] {elepet} oh my goodness gracious

[09:22] {ese} hmmmmmmmmmm

[09:22] {cosmo} be friends?

[09:22] {Peterg} ah, blanking on singer's name, all I want to do is have some fun

[09:22] {Threei}  elepet... PALM{ RIMM, and actually whole market

[09:22] {Threei}  working assumption for the day:

[09:23] {Threei}  broad rally

[09:23] {ese} drys palm and rimm i think ele

[09:23] {Threei}  probably with some volatility and possible pullback at the open

[09:24] {Threei}  if that starts materializing, I'd suggest to think of utilizing umbrella concept,

[09:24] {fernp} Hi everybody

[09:24] {ese} fern....

[09:24] {Peterg} Googled line; Cheryl Crow is singer 

[09:24] {Threei}  taking core position in a stock you like, PALM for instance

[09:24] {Threei}  and as and if it goes in your direction

[09:24] {ese} aahhhhhhhh!!!

[09:24] {Threei}  keeping that position while scalping on another lot when setups shape up

[09:25] {ese} i wouldn't have got that...

[09:25] {cosmo} i thot it was Cher

[09:25] {Peterg} Sheryl

[09:25] {nemo} I was wondering about that last night.  As ascending charts create additional set-ups.  I suppose it works in reverse too

[09:25] {Peterg} dino got kicked again

[09:26] {Peterg} I feel his pain

[09:26] {Threei}  that concept is illustrated in scalping video course nemo

[09:26] {Peterg} or perhaps empathy is based on memory of own pain

[09:27] {Peterg} Heinz Kohut thought so

[09:27] {dino} test

[09:28] {KSystems} you got it!

[09:28] {ese} dino.......

[09:28] {dino} how do i save this/

[09:28] {Threei}  dino :)

[09:28] {Peterg} welcome dino you had us worried

[09:29] {cosmo} DRYS pre mkt high = 15.50

[09:29] {nemo} laddering up. Yep...I'll order the whole-shbang this weekend

[09:29] {cosmo} fwiw

[09:29] {Threei}  07:29am [PALM] Price Target raised to $7.50 from $2.50 at BofA/Merrill Lynch, maintains Neutral rating

[09:30] {dino} thx peter, had to re-enter everything again

[09:30] {Peterg} about fifty times

[09:30] {Threei}  PALM 7 break

[09:31] {Threei}  with stop under 6.90

[09:31] {dino} yeah

[09:31] {Threei}  invalidated

[09:33] {nemo} Vad, do you have Will and Ariel Durant's series?

[09:34] {Threei}  DRYS, either pullback into 7 or .30 break if holding .15

[09:34] {Threei}  watch market for lead

[09:35] {Peterg} 7?

[09:35] {lisa_jay} DRYS or PALM?

[09:35] {Threei}  DRYS, 15

[09:35] {Threei}  if market reverses to upside

[09:35] {Threei}  and DRYS holding 15

[09:35] {Peterg} and fat lady sings

[09:36] {KSystems} nope

[09:36] {Threei}  not yet

[09:36] {nemo} fakeout so far... except for basic materials gold an silver

[09:37] {Threei}  15 re-cross if holding 14.90

[09:37] {KSystems} even with market downticking?

[09:38] {Threei}  no

[09:38] {KSystems} k

[09:39] {Threei}  some green

[09:39] {Threei}  in

[09:39] {KSystems} in

[09:39] {Threei}  stop is obvious

[09:40] {Threei}  PALM, .75 if holding above .60

[09:41] {dino} aapl not following

[09:41] {nemo} jobs

[09:42] {nemo} maybe more profit taking from yesterday's rally

[09:43] {Threei}  market looks greener

[09:43] {dino} gaps above 8448, 1190, 867and below from yesterdays' close

[09:44] {nemo} anybody grab palm?

[09:44] {KSystems} yep

[09:44] {hawkfan4} y

[09:44] {dino} jpm blood

[09:44] {Threei}  PALM half out

[09:45] {Threei}  1.4 more out

[09:45] {Threei}  1/4

[09:46] {Threei}  out in full

[09:46] {KSystems} can you kick drys please

[09:47] {Threei}  not too shabby for %7 stock

[09:47] {wishbone} ty vad

[09:47] {Threei}  welcome

[09:48] {hawkfan4} wowza, thanks vad

[09:48] {Threei}  :)

[09:48] {nemo} DRYS might be held b