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