Nov 19 2008

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

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

[08:01] {magoo} morning comrades

[08:06] {Threei}  good morning

[08:11] {magoo} :)

[08:12] {Threei}  I see yesterday's last minutes action has all observers puzzled

[08:15] {magoo} really...q's powered up hard afterhours

[08:16] {magoo} news FSLR vad?

[08:19] {Threei}  11/19/08 08:01am

[08:19] {Threei}  [FSLR] First Solar Inc. Price Target lowered to $120 from $170 at Friedman, Billings, Ramsey, maintains market perform rating

[08:20] {Threei}  also in this sector, LDK reported earnings

[08:20] {Threei}  06:10am [LDK] Reports Q3 $0.77 v $0.71e, R $541.8M v $486.7Me

[08:29] {magoo} ty

[08:30] {Threei}  OCT CONSUMER PRICE INDEX M/M: -1.0% V -0.8%E;

[08:30] {Threei}  CPI EX FOOD-ENERGY M/M: -0.1% V 0.1%E

[08:31] {Threei}  - CPI y/y: 3.7% v 4.0%e

[08:31] {Threei}  - Core CPI Y/Y: 2.2% v 2.4%e

[08:36] {Threei}  SAUDI OFFICIAL : OWNERS OF HIJACKED SHIP ARE NOGOTIAING RANSOM

[08:37] {Threei}  that's it

[08:37] {Threei}  magoo... I will take care of eye patches

[08:37] {Threei}  get a few parrots

[08:37] {Threei}  chaeron will bring wooden legs

[08:37] {Threei}  we need to change careers

[08:38] {magoo} pirates extoted 50 million last year

[08:38] {magoo} in ransom...lucrative

[08:39] {Threei}  don't you find it hard to believe this can go on in modern world for any period of time excedding couple months?

[08:40] {Threei}  I mean, everyone knows who they are and where they strike

[08:41] {magoo} hell, they see where the saudi tanker is currently anchored

[08:41] {Threei}  yeah, it's not like you can hide oil tanker, lol

[08:50] {Threei}  IRANIAN PRESIDENT: IRAN WILL MOVE AHEAD WITH NUCLEAR PROGRAM

[08:51] {magoo} unless we give the 45 billion of TARP

[08:51] {Threei}  but then we won't have enough for pirates

[08:55] {magoo} goldman ups rimm target to 68

[08:55] {magoo} he he..timing uncertain

[08:55] {Threei}  but of course

[08:55] {Threei}  is there anything in life with certain timing?

[08:56] {magoo} im certain today i will be mad at one of your calls..its a certainty lol

[08:57] {Threei}  MPEL

[08:57] {Threei}  HEARING SHARES RAISED TO BUY AT UBS

[08:57] {Threei}  yes, but can you tell me WHEN it's going to happen?? :)

[08:58] {lisa_jay} Good morning everyone.

[08:58] {Threei}  lisa :)

[08:59] {magoo} i can..u been misdsing your second call everyday

[09:00] {Threei}  hmm?

[09:04] {magoo} im teasing u lol

[09:04] {hawkfan4} gm all

06[09:05] * magoo slaps Threei around a bit with a large trout

[09:05] {magoo} there,..feel better?

[09:06] {KSystems} Good morning!

[09:06] {Threei}  hawk, ks :)

[09:06] {Threei}  I still think the timing of you getting mad at me is uncertain

[09:06] {Threei}  unless you can tell me it's going to happen at, say 11:12 am

[09:07] {Geo} gm

[09:07] {Threei}  geo :)

[09:08] {magoo} its going to happen 2 minutes after your second trade..OK?

[09:08] {Threei}  ah OK

[09:08] {Threei}  conditional timing

[09:09] {magoo} so if u refuse to make more than 1 call today..u may think..hey magoos not mad

[09:09] {magoo} but wrong..because then i am mad that u are not doing anything

[09:09] {magoo} so heck,,make the call..i get mad...we move on he he

[09:09] {Threei}  complicated...

[09:10] {magoo} im a complicate guuy

[09:10] {Threei}  can you just get mad at me now, so we get it out of the way?

[09:10] {magoo} i am starting too he he ..yes

[09:10] {Geo} sheesh you guys bicker like old BFFs

[09:10] {KSystems} BFF?

[09:10] {Geo} best friends forever

[09:10] {KSystems} ahhh

[09:10] {cosmo} psyco-drama .... good therapy

[09:10] {Geo} there is a show on MTV

[09:11] {Geo} i want to be paris hilton's BFF

[09:11] {Geo} watch it for american culture K

[09:13] {ese} good morning everyone.........just call me Mr observer these days..........it's a music teachers lot in life at this time of the year

[09:14] {Geo} hey ese

[09:14] {ese} geo

[09:14] {Threei}  ese :)

[09:14] {ese} morn vad

[09:14] {dptl} good morning all

[09:14] {Threei}  dp :)

[09:15] {ese} dp......

[09:15] {dptl} :)

[09:16] {Onix} Good morning all

[09:16] {ese} onix

[09:17] {Threei}  onix :)

[09:17] {dino} gm all

[09:17] {Threei}  dino :)

[09:17] {Onix} hi dino

[09:18] {dino} :)

[09:19] {dino} i guess w/these pirates, if you steal big enough "prize", owners will pay rather than lose lose it. sort of like mafia, pay for protection

[09:25] {cosmo} osip,idmi,teva...Pharm stocks

[09:26] {lisa_jay} Premarket movers Cosmo?

[09:26] {cosmo} looks like

[09:26] {cosmo} checking

[09:26] {lisa_jay} CMCSA

[09:27] {cosmo} # Teva gets FDA approval for generic asthma drugAP(Wed 8:47am)

[09:27] {Threei}  TEVA's FDA approvals rarely mean something

[09:27] {Threei}  majority of them are for diff dosage

[09:28] {cosmo} hmm

[09:28] {lisa_jay} Ok, thanks Vad

[09:34] {magoo} vad, rimm bounce somewhere?

[09:34] {Threei}  off 47 seems right, just need NQ help

[09:37] {magoo} in .65

[09:39] {magoo} weird pullbk

[09:39] {magoo} naz up

[09:40] {magoo} stopped

[09:40] {magoo} wtf

[09:43] {wishbone} gm all

[09:43] {Threei}  wishbone :)

[09:45] {Threei} Long Setup:  PAAS  .50 break half lot

[09:46] {Threei}  stop under .40

[09:47] {magoo} man-0-man..fslr losing 100

[09:47] {dptl} stopped paas

[09:48] {lisa_jay} Stopped -12c

[09:49] {Threei}  GNW

[09:49] {Threei}  HEARING JP MORGAN MAKING POSITIVE COMMENTS ON LIKELIHOOD THAT GNW WOULD RECEIVE TARP FUNDING (TIMING UNCERTAIN)

[09:50] {lisa_jay} Paas going now

[09:51] {ese} everthing i'm looking at looks like the market trying to squeeze blood from a stone....... 

[09:51] {cosmo} tulip...

[09:51] {ese} that too

[09:51] {lisa_jay} PAAS sigh

[09:54] {magoo} same ole chop 

[09:54] {lisa_jay} yup

[09:57] {Geo} maan PAAS stopped for a cent

[09:58] {Threei} Long Setup:  C  .96

[09:58] {Threei}  if stays above .85

[09:59] {magoo} full?

[09:59] {Threei}  with this size of stop, sure

[09:59] {magoo} in

[10:00] {Threei}  FED'S KOHN: SPENDING V SAVING IMBALANCE A ROOT CAUSE OF CRISIS, NOT NECESSARILY LOSS IN CONFIDENCE - Q&A

[10:00] {Threei}  - Decisions on additioanl IMF funding should come from local governments

[10:00] {Threei}  - BoC will not act on 'auto pilot' throughout the crisis

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

[10:01] {Threei}  welcome

[10:02] {Threei}  gold and silver related stocks on a rampage

[10:02] {tomg} ty C vad

[10:02] {magoo} ty c vad..out

[10:02] {Threei}  PAAS, SSRI, GG

[10:02] {Threei}  welcome guys

[10:04] {Threei}  RIMM... what the hell was that

[10:05] {lisa_jay} Look at C go...nice

[10:05] {Onix} out C .08 ty Vad

[10:06] {dino}  sm dia l .50

[10:07] {Threei} Long Setup:  ADBE  .50 break if stays above .40

[10:08] {lisa_jay} In

[10:09] {Threei}  GM SPOKESPERSON: WILL HALT PRODUCITON IN THAILAND FROM MID DED-JAN

[10:10] {Threei}  over 1:1

[10:10] {lisa_jay} Thanks Vad got 10c

[10:10] {Threei}  I am still trying to squeeze more, half out

[10:10] {Threei}  stop under b/e

[10:10] {magoo} me too

[10:11] {lisa_jay} Nice

[10:11] {Threei}  1:2

[10:11] {lisa_jay} Almost 1:3

[10:11] {dptl} out adbe ty

[10:11] {Threei}  :)

[10:11] {dino} dia stop to b/e

[10:12] {magoo} out here TY

[10:12] {tomg} thanks vad

[10:12] {Threei}  welcome guys

[10:12] {Geo} got both in a row TY vad

[10:13] {magoo} oh oh

[10:13] {magoo} im not mad at second trade

[10:13] {Threei}  we have a problem magoo

[10:13] {Threei}  that's what I just thought about

[10:13] {Threei}  your timing is OFF!!!

[10:13] {Threei}  big time

[10:13] {Threei}  so stop sniping at those poor analysts

[10:15] {Threei}  let's assume we are in sustained uptrend for now and try to get pullback entry

[10:15] {Threei}  .65 area for Qs

[10:15] {magoo} agree..we are WAY oversold

[10:16] {magoo} yesterdays up still was neg 2:1

[10:16] {Threei}  wait for pause and reversal

[10:16] {Threei}  not price alone

[10:17] {Threei}  in

[10:17] {Threei}  stop under .60

[10:19] {Threei}  MICHIGAN SENATOR LEVIN: CONGRESS AGREES AUTOMAKERS NEED HELP, BUT HAVE YET TO AGREE ON WHAT THE SOURCE OF THE BRIDGE LOAN SHOULD BE

[10:19] {magoo} in .79..u?

[10:19] {Threei}  ??

[10:19] {magoo} adbe

[10:19] {dino} out dia .90, +.40

[10:19] {Threei}  I am not in ADBE

[10:20] {Geo} out

[10:20] {dptl} ah...stopped q's

[10:20] {dino} blast off 70 drop 70

[10:20] {lisa_jay} Stopped  -8c.

[10:20] {dino} 60-70-80 was yesterday

[10:27] {Onix} stopped Qs

[10:28] {dino} waiting for dia at .25

[10:29] {Threei}  bounce off .50 Qs

[10:30] {Threei}  worth a try with stop right under

[10:31] {Threei}  not holding support

[10:32] {dino} cx dia

[10:32] {dino} wait at .15

[10:35] {Threei}  DOE CRUDE: +1.6 V +1ME;

[10:35] {dino} darn, .25 was correct

[10:35] {Threei}  GASOLINE: +540K V UNCH. EST.; DISTILLATES: -1.47M V +700KE;

[10:35] {dino} sm l .15 dia

[10:36] {dino} stop is lod

[10:38] {dino} waiting at .55 dia, scalp day

[10:41] {magoo} so far..mkt disappoinrts {as usual}

[10:41] {hawkfan4} sigh

[10:41] {Threei}  or jusrt forms a flag

[10:41] {dino} move sell to .65

[10:42] {dino} feels up

[10:42] {magoo} someday..like in 89 yrs..its going to pop..breathe and actually resume upward for 1 day

[10:42] {Threei}  NQ is 15 points from high

[10:42] {Threei}  what is it, any significant drop by any standard, let alone by todays?

[10:42] {dino} then again

[10:43] {Threei}  .30 nearest support for Qs to watch

[10:44] {Geo} .31 lod

[10:45] {Threei}  in

[10:46] {Threei}  stop under .20

[10:46] {dino} dia stopped .72 -.43

[10:47] {Threei}  DEPT OF HOMELAND SECURITY: RECENT AL-QAEDA MESSAGE INDICATES NO ADDITONAL THREAT

[10:48] {Geo} vad dcc when you out of position pls

[10:50] {Chaeron} Hi all

[10:51] {Threei}  chaeron :)

[10:51] {magoo} chaer:)

[10:52] {magoo} i dunno..thats p[retty ugly Q chart

[10:53] {Threei}  tries for double bottom

[10:55] {lisa_jay} nope

[10:56] {magoo} look at the difference of run up vs decline

[10:58] {dino}  stepping aside

[10:58] {lisa_jay} Dell is holding at .50 with this Q's drop...well broke now.

[11:09] {Threei}  drop seems to be done to me

[11:09] {Threei}  last shakeouts before reversal to the upside

[11:09] {lisa_jay} Yes.

[11:09] {magoo} i like q long off .15

[11:10] {magoo} in

[11:14] {lisa_jay} stop?

[11:15] {dino} 8250 coming imo

[11:15] {magoo} here lisa

[11:16] {magoo} not looking good

[11:16] {magoo} SIGH

[11:26] {dino} [11:15] {dino} 8250 coming imo

[11:27] {Geo} http://www.abcnews.go.com/Blotter/WallStreet/story?id=6285739&page=1

[11:27] {Geo} lol

[11:27] {Geo} i love beggers with private planes

[11:28] {dino} i love waitresses, i ask for stuff, they bring it

[11:28] {Geo} :)

[11:30] {magoo} 200 down here

[11:31] {Geo} neg 179

[11:32] {Geo} and vad's disgusted with me

[11:32] {dino} -16 here

[11:32] {dino} me too

06[11:32] * Geo slaps Geo around a bit with a large trout

[11:34] {Threei}  GS is not making new lows anymore

[11:35] {Threei}  61 break long

[11:36] {dino} for now

[11:36] {dino} having data issues w/cyber

[11:37] {Geo} i was on sim..... but i got filled and stopped out real fast

[11:37] {magoo} call chuck

[11:37] {magoo} 1-888-547-3421

[11:37] {Threei}  where was your stop??

[11:38] {dino} magoo, don't know how to say this, but dino is chuck

[11:38] {Geo} .86

[11:38] {Threei}  last low was .75

[11:39] {Threei}  .86 is not a level for a stop

[11:39] {Geo} i got 61 break then got stopped....

[11:39] {Geo} i was simming and didnt get time to adjust it :(

[11:39] {Geo} will aDJUST

[11:39] {Geo} oops

[11:39] {Threei}  it hit 1:1 with correct stop

[11:39] {Geo} darn

06[11:39] * Geo back to tweaking

[11:40] {magoo} all u wante was 1:1 vad?

[11:40] {magoo} i still in

[11:40] {Threei}  half

[11:40] {Threei}  trying for more on second half

[11:40] {Threei}  stop is under .90 now

[11:41] {magoo} wheres significant q support?

[11:41] {Threei}  which timeframe?

[11:41] {Threei}  daily or today?

[11:42] {magoo} today

[11:42] {Threei}  27.60

[11:42] {dino} none today, yesterday imo 27.50

[11:42] {dino} then 27.33

[11:43] {Threei}  out second half

[11:45] {Threei}  aww

[11:45] {Threei}  shake

[11:45] {magoo} its tough..u were too tight

[11:45] {magoo} was gapping 

[11:45] {Threei}  I guess

[11:50] {magoo} q long here..worth a shot

[11:50] {Threei}  rehabilitated GS

[11:50] {Threei}  took it again at 61.05

[11:51] {Threei}  out here

[11:51] {magoo} im waiting muxch higher

[11:51] {magoo} .81

[11:51] {Threei}  good luck

[11:51] {Threei}  I am not that patient

[11:52] {dino} hmmm was waiting for 8163

[11:52] {dino} will try dia sm l 82.35 area if it gets there

[11:53] {hawkfan4} scary, but trying FAS 24.95 off GS recovery idea.  3 X financial sector ETF.  wide stop

[11:54] {dino} 3x's ? hmm 

[11:54] {ese} hmmmm thought about TSL at 7.30    but have to sign off....don't have enough time to watch

[11:54] {ese} have a great day all

[11:54] {hawkfan4} u2 es

[11:54] {ese} see ya hawk

[11:54] {Threei}  take care ese

[11:55] {ese} see ya vad

[11:55] {magoo} kivckin it

[11:57] {magoo} out here .78

[11:57] {magoo} patience is a virtue

[11:57] {Threei}  wtg

[11:57] {dino} leave patience out of it

[11:57] {magoo} actually saw .83..but i was to close to miss exit

[11:57] {magoo} readjusted

[11:58] {Threei}  good approach

[11:58] {Threei}  no need to lose such gain because of last couple cents

[11:58] {dino} gj

[12:02] {Geo} of to work.... good trading all

[12:02] {Threei}  take care geo

[12:03] {dino} cya geo

[12:05] {magoo} geoooooooooooooo

06[12:05] * magoo slaps Geo around a bit with a large trout

[12:05] {hawkfan4} cya geo

[12:07] {Threei}  .80 break Qs, anyone's up to try?

[12:08] {magoo} in

[12:08] {Threei}  ummm... it didn't break yet? :)

[12:08] {magoo} i took .70

[12:08] {Threei}  oh, earlier

[12:08] {Threei}  lol

[12:09] {magoo} when i was looking for support

[12:12] {dino} see that 80 pt bounce 80 pt drop

[12:14] {dino} holding lows so far dji

[12:16] {Threei}  lows are getting tested too many times

[12:17] {Threei}  danger of not holding is higher each time

[12:18] {dino} risky sm l dia .35

[12:18] {magoo} have i said that this mkt blows?

[12:19] {dino} stop dia is .94

[12:23] {Threei}  have a look at where your exit on GS was vs top of the move magoo

[12:24] {magoo} nice huh?

[12:24] {magoo} lil skerry

[12:24] {Threei}  5 cets unde top

[12:25] {Threei}  I'd say precision almost surreal for this stock

[12:35] {Threei} Long Setup:  GS  .20 break

[12:35] {Threei}  small shares

[12:35] {Threei}  stop under .90

[12:36] {magoo} in

[12:36] {Threei}  tries for double bottom confirmation break

[12:36] {dptl} stopped....

[12:38] {dino} dia 1/1

[12:40] {Threei}  shake

[12:40] {dino} stop to .75

[12:40] {magoo} the way to play it is take only 100-200 shares..give it a .75 cent stiop..avod rinse

[12:40] {dino} to .85

[12:41] {magoo} and let it run if IF gets going

[12:41] {Chaeron} kick it

[12:41] {magoo} that too

[12:42] {dino} bam, stopped .85 +.50

[12:43] {Threei}  YHOO under 10...

[12:44] {Threei}  if I were a shareholder I'd be steaming mad about rejecting that MSFT offer

[12:44] {Threei}  if I were MSFT I'd make evil laughter sounds 24/7

[12:44] {Chaeron} if you were MSFT, you'd hire someone to do it for you...

[12:45] {Threei}  no way

[12:45] {Threei}  I hire someone to do work

[12:45] {Threei}  this is pure pleasure, I'd do it myself

[12:45] {Chaeron} ah... :)

[12:45] {Chaeron} now can you kick the Q's and derive pleasure from that?

[12:45] {Chaeron} thank you

[12:46] {Threei}  yes but if it loses .65 I am not responsible

[12:46] {dino} ok, 80 pts up happened, now drop as usual?

[12:46] {Chaeron} um... I want it to *take* .65... 60.65 that is

[12:47] {Threei}  Qs?

[12:47] {Threei}  60.65?

[12:47] {Threei}  Charon... I want what you are smoking

[12:47] {Chaeron} ooops... sorry... I forgot... I was playing GS... *blush*

[12:47] {dino} yeah, 34/share cash looks darn good now

[12:49] {Threei}  they tried to leverage with Goog and miscalculated badly

[12:50] {Threei}  both deals fell through

[12:50] {Threei}  now it looks like it's going to be just a carcass for Goog to feed on

[12:51] {Threei}  US TREASURY'S KASHKARI: TREASURY. FDIC, AND FED HAVE STABILIZED MARKETS, AVOIDED COLLAPSE, SECURITIZATION MARKET IS A 'PROMISING OPPORTUNITY' FOR TARP PROGRAM

[12:51] {Threei}  - Reiterates Paulson's comments that the TARP program is not a stimulus or economc growth plan

[12:51] {Threei}  in case you haven't noticed, markets are stabilized

[12:52] {Threei}  are we on the same planet with fed?

[12:52] {dino} hmmmm, jawboning is not working

[12:53] {Chaeron} just glad I'm not the only one confused

[12:53] {dino} me thinks he protests to much

[12:53] {Threei}  who?

[12:53] {dino} ok theres 40 pts of the 80 down

[12:53] {dino} 50

[12:54] {Chaeron} I'm ut GS... -.01... just don't care

[12:54] {magoo} ty it will go now 

[12:54] {dino} \you're starting to feel as i feel chaer

[12:55] {magoo} oct nov have worn me out

[12:55] {dino} the shark says bear makets wear you out, getting to me

[12:55] {magoo} dont even like trading anymore

[12:55] {Chaeron} I'll be back... have the markets straightened out when I return so we can make $$$

06[12:55] * dino slaps magoo around a bit with a large trout

06[12:55] * Chaeron slaps magoo around a bit with a large trout

[12:57] {dino} brb

[12:57] {Chaeron} (me and dino are going out for beers  :)

[12:58] {KSystems} arent there going to be FOMC minutes in an hour?

[12:59] {Threei}  yes

[13:02] {magoo} long 200,000 shares q at .69..out here .74

[13:03] {magoo} .05 x 200k = + 10k

[13:03] {magoo} fast too

[13:03] {magoo} lol

[13:05] {Threei}  once again same pattern

[13:06] {Threei}  we touch lows, everything looks like ready to go to hell - sharp spike and rally out of nowhere

[13:10] {magoo} hardly a rally just yet..not bustin on ya..just not convinced

[13:11] {Threei}  no, not yet

[13:11] {Threei}  spike took place, whether it's followed up by rally remains to be seen

[13:11] {magoo} f'in GS stalled same area 1 dollar less..saw .81 prints

[13:12] {magoo} like 1 second worth and all the way back down

[13:19] {magoo} of course mkt has to fall hard..god forbid it moves up

[13:22] {dino} sm l dia .65

[13:30] {dino} stop is break of lod

[13:33] {Threei}  we are neaqring yesterday's low

[13:34] {dino} stopped -.51

[13:37] {dino} 8105 yesterday lod

[13:52] {dino} [11:52] {dino} hmmm was waiting for 8163

[13:52] {dino} on the nose

[13:54] {Threei}  ok... rally or fizzle out now?

[13:54] {dino} dino pats himself on his back

[13:54] {patience} patience pats dino on the back

06[13:54] * Threei pats all backs he can reach

[13:55] {dino} ty patience

[13:57] {patience} i want the momo days we used to get a few years ago....this is teeth grinding now

[13:58] {muddleheaded} FOMC minutes released at 2:00 PM.

[13:59] {Threei}  I doubt they'll matter much

[13:59] {peterg} afternoon folks.

[13:59] {Threei}  hi peter

[14:00] {peterg} things slow?

[14:00] {Threei}  MINUTES OF THE OCT 29 FOMC MEETING: POLICYMAKERS SAW ECONOMY SHRINKING THROUGH MID 2009, SAW POTENTIAL NEED FOR MORE RATE CUTS

[14:00] {Threei}  Cuts 2009 GDP growth -0.2% and 1.1% v +2% -2.8%

[14:00] {Threei}  2009 jobless 7.17.6 v 5.3-5.8% range

[14:01] {Threei}  - Saw policy challenges due to low rate, agreed inflation has fallen 'materially', aggressive easing would cut inflation risk

[14:03] {Threei}  bunch of meaningless lines

[14:03] {Threei}  GS

[14:03] {Threei}  .40 break going to try

[14:03] {Threei}  with stop under .20

[14:04] {Threei}  invalidated

[14:05] {Threei}  58.10 break if holding .90

[14:06] {Threei}  PIMCO'S BILL GROSS: FED MAY HAVE TO CUT RATES TO 0% TO STIMULATE ECONOMY - CNBC

[14:06] {dino} vad, symbol for dji e-mini?

[14:06] {KSystems} ym

[14:07] {dino} ty

[14:07] {KSystems} np

[14:08] {Threei}  58 break

[14:08] {Threei}  if holding above .80

[14:10] {magoo} in bossasauras

[14:11] {Threei}  over 1:1, half out

[14:11] {Threei}  scalpers are scalpers

[14:13] {Geo} back

[14:13] {Geo} things any better?

[14:13] {Geo} for some reason i am hating these days

[14:13] {Threei}  were they bad?

[14:14] {Threei}  1:2

[14:14] {Geo} 1:2 what what??

[14:14] {Threei}  replay isn't working?

[14:14] {magoo} waiting .61

[14:15] {magoo} out .57

[14:15] {Threei}  out .53

[14:15] {magoo} wanted to bank it

[14:15] {magoo} nice bossasaurasmonk

06[14:16] * KSystems slaps laserdave1 around a bit with a large trout

06[14:16] * laserdave1 slaps Threei around a bit with a large trout

[14:17] {Threei}  sigh

[14:17] {laserdave1} thats crazy

06[14:17] * magoo slaps laserdave1 around a bit with a large trout

[14:17] {laserdave1} i guess u trained him very well Vad

[14:17] {laserdave1} that was fast

06[14:17] * laserdave1 slaps Chaeron around a bit with a large trout

[14:17] {Geo} german precision

06[14:17] * laserdave1 slaps Geo around a bit with a large trout

[14:17] {KSystems} Harrr

06[14:17] * laserdave1 slaps KSystems around a bit with a large trout

06[14:17] * laserdave1 slaps magoo around a bit with a large trout

06[14:17] * laserdave1 slaps magoo around a bit with a large trout

06[14:17] * laserdave1 slaps magoo around a bit with a large trout

[14:18] {magoo} hey..what i do :)

[14:18] {laserdave1} your just a nice guy

[14:18] {laserdave1} so you end up being the lucky one

[14:18] {magoo} vads a nice guy too

[14:19] {magoo} dcc quick lasr

[14:20] {dino}  going for yesterdays lod dji, imo

[14:26] {Threei}  here is a first sign of that screaming rally coming, ,lol

[14:27] {Geo} http://www.msnbc.msn.com/id/27766333/

[14:27] {Geo} looks like they sank the mother ship

[14:28] {magoo} cramer cally out rally monkey..resounding OY

[14:33] {Threei}  I find this bickering about their private jets meaningless and idiotic

[14:34] {dino} you know, it's simply yes or no. move on the election is over. i vote no, and send them to debtor in possession bankruptcy

[14:35] {Threei}  yes

[14:35] {dino} new dji low

[14:35] {Threei}  but all this "how did you arrive here, commercial or private" is just populist and has nothing to do with real issues

[14:36] {dino} even having it on tv is b.s

[14:36] {Threei}  anyone expecting CEO of compnay of this scale to travel by bus or train or commercial has no idea what he is talking about

[14:37] {Threei}  it's nothing but play on the lowest kind of emotions of population

[14:39] {Threei} Long Setup:  UAUA  .81, stop under .75

[14:40] {Threei}  invalidated

[14:42] {Threei}  still wastching, any market meaninfgul recovery should take UAUA up about 50 cents

[14:42] {Threei}  pullback entry

[14:44] {Threei}  in

[14:44] {dawg} in 

[14:44] {lisa_jay} stop vad?

[14:44] {Threei}  under day low

[14:45] {magoo} full?

[14:45] {Threei}  with stop about 15 cents...

[14:46] {magoo} in .80

[14:48] {magoo} out .99 TY

[14:48] {wishbone} laserdave DCC..please

[14:48] {Threei}  welcome

[14:48] {magoo} dont do it wishbone

[14:49] {wishbone} don't do what?

[14:49] {magoo} kidding

[14:49] {wishbone} hi vad

[14:49] {Threei}  hi

[14:49] {wishbone} got an error: level II not in execution mode?

[14:49] {Threei}  magoo means don't encourage laserdave giving him an idea anyone would ever want to talk to him

[14:50] {wishbone} ohhh..lol

[14:50] {Threei}  Menu-Trade

[14:50] {magoo} thats what i meant..yes, thats it

[14:50] {Threei}  make sure you have check against like

[14:50] {Threei}  Level II execution mode

[14:51] {Threei}  top line is third segment

[14:51] {wishbone} that' wierd....traded earlier no problem....ty3i

[14:51] {Threei}  maybe clicked it mistakenly

[14:51] {wishbone} probably :)

[14:52] {Threei}  and really, try to avoid giving laserdave wrong ideas... he may even start thinking we like him

[14:52] {dawg} out 1/2 .04

[14:52] {wishbone} right lol

[14:53] {dino} dia sm l .00

[14:56] {dawg} out last half  UAUA flat thank you 3i

[14:56] {Threei}  welcome

[14:56] {Threei}  watch market for another spike, UAUA will follow

[14:56] {dawg} OK

[14:58] {magoo} reload here

[15:00] {Onix} In for lunch, hope you people had a good morning's trading

[15:01] {dino} stopped -.50

[15:02] {Onix} Vad, could you please take a look at BRCM and take a guess for me howcome it can hold $14 all morning?

[15:03] {Threei}  who knows

[15:03] {Threei}  maybe found its bottom for now

[15:03] {Onix} I shorted it at $13.99 before i left for work and it is still there

[15:04] {dino} you have the magoo curse onix

[15:04] {dino} rinsed

[15:05] {dino} mcd sm l .50

[15:05] {Threei}  UAUA didn't drop this time with market

[15:06] {Threei}  still needs help of course

[15:06] {Threei}  but gotta be good if any comes

[15:08] {lisa_jay} how to play UAUA vad?

[15:08] {Threei}  not an entry here lisa

[15:09] {Threei}  you missed pullback to .80

[15:09] {Threei}  [14:56] {Threei} watch market for another spike, UAUA will follow

[15:09] {Threei}  [14:56] {dawg} OK

[15:09] {Threei}  [14:58] {magoo} reload here

[15:09] {lisa_jay} Ok, thanks...

[15:09] {Threei}  half out ..13 magoo

[15:09] {dawg} OK threei

[15:09] {dawg} got  in

[15:09] {magoo} ok boss took .12

[15:10] {Threei}  partialed out dawg?

[15:10] {dawg} still in 

[15:10] {dawg} all

[15:10] {Threei}  next spike should take it over .20 but let's respect the volatility and protect half

[15:10] {dawg} got it

[15:11] {Threei}  original idea was:

[15:11] {Threei}  [14:42] {Threei} still wastching, any market meaninfgul recovery should take UAUA up about 50 cents

[15:11] {Threei}  we got over 30 cents

[15:11] {Threei}  assuming entry around .80

[15:13] {Threei}  let's go UAUA, market gives "all clear"

06[15:13] * Threei kicks UAUA in the left jet

[15:16] {Threei}  rally is not very convincing so far

[15:16] {lisa_jay} qs need to break that .82

[15:16] {dawg} dawg spins several prayer wheels

[15:17] {dino} lol, i just throw the dice

[15:17] {Threei}  for UAUA it will be enough even if Qs just bounce back there I think, lisa

[15:18] {dawg} stopped last half

[15:19] {Threei}  see... volatility must be respected :)

[15:19] {dawg} Yes sir

[15:19] {Threei}  imagine not securing half around 9.10...

[15:19] {Threei}  how insulting would that be

[15:19] {dawg} would hurt the dawg

[15:22] {dino} dia sm l .65

[15:24] {dino} uh oh

[15:24] {Threei}  wow

[15:25] {Threei}  C

[15:26] {dino} 3i, you see, not allowed 2 up days in row in november

[15:27] {dino} 4 days so far for the month

[15:27] {dino} 3 days

[15:27] {Threei}  and none of them back to back?

[15:28] {lisa_jay} Isn't Nov a bullish month?

[15:28] {Threei}  we still have 10 days

[15:28] {lisa_jay} historically?

[15:28] {dino} yes

[15:28] {Threei}  scalped C... was too scary to call

[15:28] {dino} bs month this year tho

[15:29] {patience} i second that

[15:29] {dino} ty

[15:29] {dino} out dia .05 +.40

[15:30] {dino} just had a daytrader stop in and ask to rent an office off me

[15:30] {Threei}  seriously?

[15:30] {dino} didn't know we had any others here

[15:30] {dino} yes

[15:31] {dino} 8 years e-minis

[15:31] {Threei}  why does he need an office?

[15:31] {dino} renting elsewhere, not as nice

[15:32] {lisa_jay} Probably has kids come home early from school

[15:32] {dino} y

[15:32] {dino} that too.

[15:32] {dino} comraderie also i think

[15:33] {KSystems} where are you located dino?

[15:33] {dino} told her no tho, don't think she'd appreciate it when we go off on a bad trade rant

[15:33] {Threei}  close office dorr, put a sign on saying "come in if living to see the next morning is not in your plans"

[15:33] {lisa_jay} I wonder how the commute would be from NY/ct border to your office.  

[15:33] {dino} pennsylvania

[15:33] {KSystems} ah ok

[15:33] {dino} long lisa

[15:33] {dino} ok, 3:40 rally?

[15:34] {KSystems} not many things i know about pennsylvania..except....Centralia :-) that near where you live?

[15:34] {lisa_jay} thats what i thought.

[15:34] {dino} 2 hrs ks

[15:34] {lisa_jay} * about commute.

[15:34] {dino} y

[15:35] {dino} just jumped 70

[15:35] {dino} vad, you may owe me a beer, i told her to check out the site

[15:36] {Threei}  but we don't ttrade e-minis per se

[15:36] {dino} dia sm l .50

[15:37] {dino} i know, comraderie

[15:37] {Threei}  which won't prevent me from buying a beer of course

[15:37] {dino} could use one today

[15:38] {dino} hit/miss day

[15:38] {Threei}  for the most part... then GS and UA trades brightened things

[15:41] {Threei}  1 min till rally?

[15:42] {Threei}  or not today?

[15:42] {dino} i am so sick of seeing my b-day come up on the dji on almost daily basis, for years never saw it

[15:43] {patience} march 17?

[15:43] {dino} yes

[15:43] {dino} used to like that number

[15:43] {patience} just think of the green beer instead

[15:44] {dino} lol

[15:44] {dino} stop dia -.40

[15:44] {dino} see hit./miss

[15:45] {patience} you're doing better than me dino, usually by this time of day I'm muttering, those bastards

[15:45] {patience} time to go mow the lawn

[15:45] {dino} snow on mine

[15:46] {patience} oak leaves on mine

[15:46] {Threei}  geese droppings on mine

[15:46] {dino} not a good close

[15:46] {Threei}  no

[15:46] {Threei}  YAYA new low

[15:46] {Threei}  U

[15:46] {magoo} 400 down WHAT RALLY

[15:46] {Threei}  C new low

[15:47] {Threei}  how is it not rally?

[15:47] {Threei}  just different direction

[15:47] {Threei}  but we are not discriminating rallies by direction, are we

[15:48] {peterg} newspeak: stocks rallied strongly negatively today

[15:48] {Threei}  there you go

[15:48] {Threei}  Orwell knew his languages

[15:48] {KSystems} Like "Strongly preparing for recovery"?

[15:48] {dino} hate to say it, but feels like we go down to break the 7884 low

[15:48] {peterg} scarily

[15:49] {peterg} Stocks deepened their search for fundamental solidity

[15:49] {Threei}  beautiful

[15:49] {KSystems} collect them and send them to some news agency

[15:50] {KSystems} they'll be out of stock soon

[15:50] {peterg} ;p;

[15:50] {peterg} lol

[15:50] {dino} the stability they talked about earlier is "un"real

[15:50] {Threei}  market improved its coordination with real valuations

[15:50] {peterg} rofl

[15:51] {Threei}  yeah, that line was from behind the looking glass

[15:51] {Threei}  truly bizarre

[15:52] {Threei}  [12:51] {Threei} US TREASURY'S KASHKARI: TREASURY. FDIC, AND FED HAVE STABILIZED MARKETS

[15:52] {dino} maybe he was thinking only worry now about the dowside, because it doesn't go up

[15:52] {Threei}  I hope they don't overstabilize it

[15:53] {Threei}  just a tad more stability as they understand it, and we will see Dow at 1929 levels

[15:54] {dptl} have a good evening all

[15:54] {Threei}  take care dp

[15:57] {Threei}  -433 DJI

[15:59] {dino} cya dp

[15:59] {Threei}  so, in light of today's action...

[15:59] {Threei}  wqhat was yesterday's AH rally about again??

[16:00] {Threei}  such spike, after hours, total illusion of "wow, someone big knows something good"

[16:00] {dino} ge 14

[16:00] {Threei}  only to see this misery today lol

[16:00] {dino} re-balancing of s&p 3i, bud out

[16:01] {Threei}  I heard that theory

[16:01] {dino} had like 50 billion to reallocate

[16:01] {Threei}  just not sure how it explains such spike in indexes

[16:01] {dino} it doesn't, imo, and the futures imo don't mean sh#t

[16:01] {Threei}  mechanics of reallocation as I understand them do not warrant this

[16:01] {dino} everything has gone total random

[16:02] {Threei}  ok guys, thank you all

[16:02] {dino} when the dji moves 100 pts in 2 minutes up/down, it's random

[16:02] {Threei}  have a good evening, see you tomorrow

[16:02] {KSystems} take care vad

[16:02] {dino} i am going back to basics again, simply scalp machine tomorrow

[16:03] {dino} get up, get out

[16:03] {peterg} gnight all--who knows what evil lurks in the hearts of men?

[16:03] {peterg} the shadow knows.........

[16:03] {dino} lol

[16:03] {peterg} of course, that was my nickname back in the day

[16:04] {peterg} or one of them