Nov 24 2008

Beautiful calm strong day. Not much of hectic action except last 10-15 minutes. Just one small stop at the beginning of day, the rest of trades worked like charm, and many for much more than scalps. Notably, GG for $1, QQQQ for 50 cents, etc. Nice to see normal action for a change. Got a whiff of what was coming early:

{10:09}  my impression of market action is, it wants to climb the wall of worry today. Barring news, feels like we are in for a nice upside move

... and stayed with it, catching second leg of the rally just in time:

{13:58}  feels like market gathering forces and probing ground for another powerful rally. One more pullback is likely before main push comes.

Worked out like a clockwork.

Session Time: Mon Nov 24 00:00:00 2008

[08:20] {Threei}  11/23/08 11:31pm

[08:20] {Threei}  [C] Citigroup Inc *WSJ REPORTS US GOVT MOVES TO GUARANTEE $300B IN COMPANY'S TROUBLED ASSETS

[08:20] {Threei}  - The government plans to inject a further $20B in Citigroup, although it will charge a higher interest rate for the injection (8% for first few years).

[08:57] {wishbone} gm

[08:57] {Threei}  wishbone :)

[08:59] {hawkfan4} good morning

[09:00] {KSystems} Good morning!

[09:00] {Threei}  KS :)

[09:00] {Threei}  hawk :)

[09:01] {lisa_jay} Good morning.

[09:02] {Threei}  lisa :)

[09:07] {Geo} gm

[09:08] {Threei}  Geo :)

[09:09] {Threei}  US PRESIDENT BUSH WILL REPORTEDLY MEET WITH TREASURY'S PAULSON AND ISSUE STATEMENT AT APPROX 10:35AM

[09:09] {cosmo} wonderfull...

[09:09] {Threei}  yeah

[09:10] {Threei}  "after long and torturous negotiations we came to conclusion that Chicago hot dog is preferable to New York steak"

[09:11] {Threei}  that would give marjet a clear message that all is fine

[09:11] {ese} good morning all

[09:11] {Threei}  ese :)

[09:11] {cosmo} i used to read the news... now i read the Desiderata

[09:11] {Threei}  C CFO: REITERATES THAT CITI REMAINS WELL CAPITALIZED, CAN "NEVER SAY NEVER" REGARDING THE NEED FOR FURTHER CAPITAL INJECTIONS - CNBC INTERVIEW

[09:12] {lisa_jay} My platform gives message: RULE 48 invoked today .

[09:13] {ese} OHHHH NOOOO!!!!! Paulson to speak again........prepare for the 1000pt tank in the market....can't the 2 of them just shut up for a while....

[09:13] {Geo} you have to prepay your stock taxes lisa

[09:13] {lisa_jay} :-)

[09:16] {Threei}  C will probably be one of the most promising (and dangerous) players today

[09:17] {dino} gm all

[09:17] {Threei}  dino :)

[09:18] {dino} hotdogs vs steak, interesting conversation today

[09:18] {Threei}  gotta start a week somewhere...

[09:19] {Threei}  and this is short one

[09:19] {cosmo} turkey dogs?

[09:19] {Threei}  so I try to cover a lot of topics in a shortest time possible

[09:23] {dino} had hotdogs and beans at hunting cabin last night, have to say, i've missed them

[09:24] {dino} so the big question, does the open gap up get filled as usual/

[09:25] {Threei}  they've been filled so regularly for so long, at some point market should stp doing that in order to kill too comlacent traders that xcontinue bet on it

[09:25] {Threei}  whether it's today or not is anyone's guess of course

[09:25] {Threei}  but feels like we have a good chance today

[09:26] {cosmo} QID investors beware..

[09:27] {Threei}  anyway, let's not guess and go with action

[09:27] {Threei}  market acts especially nasty on Mondays lately

[09:27] {Threei}  a lot of chop chop

[09:28] {dptl} good morning all

[09:28] {Threei}  dp :)

[09:28] {dino} we must make lots of $ today so we can tease magoo for slacking off

[09:29] {Threei}  where is he?

[09:29] {Threei}  deer hunting?

[09:30] {Threei}  C bounce off 5.70

[09:31] {ese} L.. AAUK .48

[09:32] {Threei}  if not losing 5.90 anymore, 6 break is long trigger

[09:34] {Chaeron} Good morning all

[09:34] {Threei}  chaeron :)

[09:35] {ese} CCCCCHHHHHH.....

[09:35] {ese} that felt god

[09:35] {ese} hadn't done that in a while

[09:35] {Geo} filled .02 stopped

[09:36] {ese} out aauk......-.02

[09:36] {ese} thought it had enough to strength to carry on up

[09:37] {lisa_jay} stopped c

[09:37] {Chaeron} hey ese... :) 

[09:37] {Threei}  market is locked in 5 points range

[09:37] {ese} ch

[09:37] {Threei}  neds break to define direction

[09:40] {dino} needs gap fill imo

[09:40] {Threei}  ADBE strangely strong

[09:41] {Threei} Long Setup:  ADBE  22.10 break if stays above 21.9o, with market bounce

[09:43] {dino} bj, mcd, wmt all going neg

[09:44] {ese}  LOng Hero .81

[09:44] {ese} 1/2

[09:45] {ese} stop .69

[09:46] {dino} uso dropping es

[09:47] {ese} ya

[09:47] {ese} not lookin god here

[09:48] {Threei}  ok market, let's bounce some

[09:48] {Threei}  hardcore scalpers can keep ADBE stop around .95

[09:49] {dino} wmt sm l .70, stop lod

[09:53] {ese} want Hero to bounce like USO.....

[09:55] {Threei}  masrket is in bad need of some coffee

[09:56] {ese} indeed

06[09:56] * Threei kick ADBE in the rear

[09:56] {Threei}  and I am in bad need of typing lessons

[09:57] {Threei}  did I manage any single line today with less than 2 mistypes?

[09:57] {ese} Mavis Beacon typing program.....my daughter is using it

[09:58] {ese} Ok uso bouncing....what about HERO??

[09:58] {Threei}  Attention:  ADBE  half out here

[09:58] {dino} all this hero talk making me hungry

[09:58] {Threei}  scalpres take your profits

[09:58] {ese} ack acka dak....dak acka ack.......sometimes works

[09:59] {Chaeron} took +0.12 on ADBE   in at .11, out at .23  Thanks Vad

[09:59] {dino} all sam l .25

[09:59] {Threei}  stop for the balance to ynder 22.05

[10:00] {lisa_jay} 10c ADBE thanks Vad

[10:00] {Threei}  OCT EXISTING HOME SALES: 4.98MM V 5.00ME

[10:00] {peterg} hello all

[10:00] {Threei}  peter :)

[10:00] {ese} peter

[10:01] {Threei}  stop to under 22.10

[10:01] {peterg} yo es

[10:01] {dino} hod

[10:03] {wishbone} vad what time did you enter ADBE?

[10:03] {ese} shoulda been in USO

[10:04] {Threei}  9:42:43

[10:04] {wishbone} ok ty

[10:05] {Threei} Long Setup:  GG  .40 break smaller shares, stop under .20

[10:07] {ese} wishbone.....I need ya baby....break it down the middle and give me the biger half for HERO

[10:07] {Threei}  lol

[10:07] {wishbone} ?

[10:07] {Threei}  you guys have been drinking heavily this weekend, haven't you

[10:08] {Threei}  ese means your nick, wish :)

[10:08] {ese} the wishbone man the wishbone.......it's a good luck thing

[10:08] {wishbone} ya//lol

[10:08] {wishbone} i suddenly have craving for turkey ese!

[10:09] {ese} me also!!!

[10:09] {Threei}  my impression of market action is,

[10:09] {Threei}  it wants to climb the wall of worry today

[10:09] {ese} hmmmmm

[10:09] {Threei}  barring news, feels like we are in for a nice upside move

[10:10] {Threei}  Attention:  GG  stop to under .30

[10:10] {dino} now why do you have to say it like that

[10:10] {ese} theres that touchy feely thing from Vad agaqin.....

[10:10] {Threei}  half out

[10:10] {Threei}  not a scalp for me

[10:11] {Threei}  want it over 27 for full out

[10:11] {ese} HERO to the rescue

[10:11] {Threei}  I am a very touchy-feely type, dino, yeah :)

[10:11] {lisa_jay} Thanks Vad, got 28c on GG.

[10:11] {Threei}  good job lisa

[10:12] {wishbone} gg +34 ty3i

[10:12] {Threei}  HSBC CHMN: WOULD NOT RULE OUT BUYING CITIGROUP ASSETS

[10:12] {Threei}  {HBC}

[10:12] {Threei}  welcome wish

[10:13] {dino} out wmt .20, +.50

[10:13] {Threei}  nice

[10:13] {lisa_jay} nice one

[10:14] {dino} ty

[10:14] {Threei} Long Setup:  QQQQ  .51

[10:15] {Threei}  stop under .40

[10:15] {Threei}  for hardcore scalpers stop under .45

[10:17] {ese} Hero stop o break even .81

[10:22] {lisa_jay} gg over 27

[10:22] {Geo} still in half

[10:22] {Threei}  waiting for last spike Geo

[10:22] {Geo} :)

[10:22] {lisa_jay} nice

[10:22] {Threei}  but it's quite discretionary here

[10:22] {Geo} i am just triling stop 

[10:22] {dino} afam sm l .00

[10:23] {Threei}  tril baby tril

[10:23] {Geo} heheheh

[10:23] {Threei}  Attention:  QQQQ  half out

[10:23] {Threei}  scalpers out in full

[10:23] {ese} out HERO .03  +.21

[10:23] {ese} had to work that one....

[10:24] {Threei}  work? Monday morning?

[10:24] {Threei}  ewww

[10:24] {ese} wish i could do your kind of work all the time vad

[10:24] {Threei}  come on guys, that WAS funny

[10:25] {ese} tukey it is wishbone!!!!

[10:25] {Threei}  [10:22] {Geo} i am just triling stop

[10:25] {Threei}  [10:23] {Threei} tril baby tril

[10:25] {Threei}  sigh

[10:25] {Threei}  {--- deeply underappreciated

[10:25] {Threei}  out GG +$1

[10:25] {Geo} [07:23] {Geo} heheheh

[10:25] {Chaeron} only in the humor dept

[10:25] {Chaeron} oh, and singing

[10:26] {Threei}  no, in singing department I am fairly hated

[10:26] {Chaeron} ah

[10:26] {Threei}  anyone had guts to hold GG for a full dollar?

[10:26] {ese} not i

[10:26] {Chaeron} well, I took +0.14 on the Q's .. in .51 out .65 Thanks

[10:26] {Threei}  pesky scalpers...

[10:27] {Geo} .37 10 .46

[10:27] {Geo} to

[10:27] {Geo} 1.09

[10:27] {Threei}  Qs is almost at 1:2

[10:27] {patience} i am, on canadian side, up $3.30 so far, still holding

[10:27] {Geo} ty lord vader

[10:27] {Threei}  welcome guys

[10:28] {Threei}  1:3

[10:28] {Threei}  full out

[10:28] {ese} YA SURE .....AAUK!!!!!

[10:28] {Threei}  PRESIDENT BUSH: FIRST STEP TO RECOVERY IS SAFEGUARDING THE US FINANCIAL SYSTEM

[10:29] {Threei}  [10:09] {Threei} my impression of market action is,

[10:29] {Threei}  [10:09] {Threei} it wants to climb the wall of worry today

[10:29] {ese} duhhhhhhhh!

[10:29] {Threei}  [10:09] {Threei} barring news, feels like we are in for a nice upside move

[10:29] {Threei}  can I go home?

[10:30] {Geo} work for the day off !

[10:30] {ese} you are home....

[10:30] {Geo} heheh that too

[10:30] {Threei}  oh

[10:30] {Threei}  ah OK

[10:30] {ese} you may go down to your crabbing dock though

[10:30] {Threei}  I have day off next Monday

[10:30] {hawkfan4} and you can have thursday off too :)

[10:30] {Threei}  lol

[10:30] {Threei}  you are so generous

[10:30] {lisa_jay} afam nice Dino

[10:31] {lisa_jay} news: Gap did not fill

[10:31] {Threei}  - Bush also noted that he has discussed the Citigroup decision with President-Elect Obama.

[10:31] {Threei}  - so, how about that Citigroup?

[10:32] {Geo} i dont want citibank to fail

[10:32] {Threei}  - yeah, quite something, isn't it

[10:32] {Geo} they have been good to my family

[10:32] {hawkfan4} that's just payback vad, cuz i'm still in C from your 4 break call friday afternoon

[10:32] {Threei}  wow really?

[10:32] {hawkfan4} 4.03

[10:32] {hawkfan4} it's a beauty

[10:32] {Geo} wow hawk

[10:33] {Threei}  I'll never understand where you get the guts to hold that long :)

[10:33] {Threei}  and over weekend

[10:33] {hawkfan4} lucky, could've gone completely the other way

[10:33] {Threei}  with any kind of news development possible

[10:33] {Geo} 10 lots hawk?

[10:33] {hawkfan4} lol, 1.5

[10:34] {Threei}  so, are you planning on selling ever?? :)

[10:34] {hawkfan4} lol, yes, gonna sell some soon

[10:35] {dino} out all .85, +.6-

[10:35] {dino} .60

[10:35] {Threei}  wtg dino

[10:35] {patience} you're having a good day dino

[10:35] {dino} ty, lucky

[10:37] {hawkfan4} out C + 2.01

[10:38] {Chaeron} nice hawk... 

[10:38] {Chaeron} guysy

[10:38] {Chaeron} gutsy

[10:38] {patience} and gutsy

[10:38] {Geo} girlsy

[10:38] {Chaeron} "guysy" too... in a manly way

[10:38] {hawkfan4} thx, lol :)

06[10:38] * hawkfan4 slaps Geo around a bit with a large trout

[10:39] {Geo} nono that was for patience 3 bucks on GG

[10:40] {dino} wtg hawk

[10:40] {hawkfan4} oh, i c :)  i take it back

[10:40] {hawkfan4} thx dino

[10:40] {patience} still holding basket of gold stocks, but ready to cut loose my silver wheaton

[10:41] {Threei}  OPEC PRESIDENT: COOPERATION WITH OUTPUT CUT AMONG MEMBERS HAS BEEN 'EXCELLENT', WILL EVALUTE DEMAND SITUATION THROUGH EARLY DECEMBER

[10:41] {Threei}  - Remarks that economic growth is important for OPEC

[10:42] {Threei}  whose economic growth? OPEC's?

[10:43] {cosmo} it trickels down

[10:44] {cosmo} or is it up...

[10:45] {Threei}  wow C

[10:48] {Threei}  watch UAUA for teleportation pullback setup

[10:48] {patience} out slw +.60    got bored with it...not a good attitude today   :)

[10:49] {Chaeron} yeah... .60 trades put me in a bad attitude too

[10:49] {Chaeron} :) nice one patience

[10:49] {Threei}  C pulling back into support

[10:49] {patience} oh look, it dropped

[10:49] {dino} out afam .55, +.55

[10:50] {Threei}  dino the money machine

[10:50] {dino} lol

[10:50] {patience} no kidding

[10:50] {Threei}  don't forget to show it all to magoo

[10:50] {dino} :)

[10:50] {Threei}  tease him to no end

06[10:59] * laserdave1 slaps Threei around a bit with a large trout

[10:59] {Threei}  sneaky sneaky

06[11:01] * Chaeron slaps laserdave1 around a bit with a large trout

[11:04] {Threei}  UAUA worth a try here

[11:04] {Threei}  tight scalping stop

[11:04] {Threei}  first strength

[11:05] {Threei}  in .14

[11:05] {Threei}  stop under .10

[11:13] {Threei}  action slowed down to a crawl

[11:15] {dino} indeed

[11:17] {Threei}  I am officially beaten as a master of stating the obvious:

[11:17] {Threei}  EU'S BARROSO: WORLD ECONOMY IS ON THE BRINK OF RECESSION

[11:17] {hawkfan4} wow, i hadn't heard...

[11:18] {Threei}  out UAUA +.11

[11:22] {patience} going hunting in su, eca and cnq

[11:25] {patience} out +.44  cnq

[11:27] {patience} oh foo, left some on the table

[11:27] {hawkfan4} nice

[11:30] {patience} gold moving again

[11:32] {patience} going to do an umbrella trade in gg, using options just for fun

[11:33] {Geo} umbrella trade?

[11:33] {patience} vad, your term

[11:33] {Threei}  yup

[11:33] {Threei}  Geo

[11:33] {Threei}  back to textbook, wil ya

[11:33] {Geo} sheesh

[11:34] {Threei}  scalping course printed manual

[11:34] {Geo} cant i just stay here and make money?

[11:34] {Threei}  no

[11:34] {Threei}  that doesn't involve suffering

[11:34] {Threei}  and we want you to suffer

[11:36] {Threei}  page 8-2

[11:36] {Geo} reading chapter 8 sniff

[11:36] {Geo} heheh

[11:36] {patience} gold is stalling, sigh

[11:38] {Geo} ok got it... (serves me right for skimming)

[11:38] {Geo} so what time frames you using patience?

[11:39] {patience} just quick (not) scalp

[11:39] {patience} hould have chosen energy sector for it instead

[11:39] {patience} should

[11:40] {patience} but just playing with it

[11:40] {Geo} TY

[11:42] {patience} too many trades on, 8 of them, tricky to watch so i'm eyeballing exits

[11:43] {dino} nothing here

[11:50] {Geo} sneaky google

[11:50] {Geo} http://www.webguild.org/2008/11/google-layoffs-10000-workers-affected.php

[11:50] {dino} mcd sm l .85

[11:50] {Geo} has 1/3 emps as temps

[11:53] {Geo} economic team to be formally announced in 7 mins

[11:53] {patience} good, have sold all but HGU and waiting for exit

[11:55] {ese} see ya tomorrow...i think

[11:55] {Threei}  take care ese

[11:57] {patience} and the feedback on umbrella trade, using options....the stock advanced faster

[11:58] {patience} anybody else trading or am i just being a motormouth again today?

[11:58] {patience} vad, they all have me on igore

[11:59] {patience} vad, vad?

[11:59] {lisa_jay} no Patience.

[11:59] {Threei}  lol

[11:59] {lisa_jay} Just wowed speechless

[11:59] {Threei}  welcome to my world patience

[11:59] {hawkfan4} lol, just hanging out waiting for obama to speak

[12:00] {wishbone} my highscool physics classroom clock had a sign above it "time will pass....will you?"

[12:00] {wishbone} tic...toc

[12:00] {Threei}  countdown to end of the world?

[12:00] {wishbone} whatever it is.....very slow

[12:00] {Threei}  I heard it's 2012

[12:00] {patience} writing that one down for my daughter wishbone

[12:01] {wishbone} must've read that sign a thousand times

[12:01] {patience} did you pass?

[12:02] {wishbone} teacher haad a voice like ben stein...and he was excited about physics!!!!

[12:02] {wishbone} fortunately yes patience

[12:04] {Threei}  PRESIDENT ELECT OBAMA FORMALLY ANNOUNCES HIS ECONOMIC TEAM

[12:04] {Threei}  - Tim Geithner formally nominated for Treasury Secretary.

[12:04] {Threei}  - Bill Richardson to be Commerce Secretary.

[12:04] {Threei}  - Larry Summers to be Director of National Economic Council.

[12:04] {Threei}  - Christina Romer to be head of Council of Economic Advisors.

[12:05] {dino} wasn't this already known?

[12:05] {Geo} stilll going thru the clinton baggage ic

[12:09] {patience} bkx likes it

[12:12] {dino} mcd stopped -.35

[12:13] {Geo} off to work.... 1X today... thanks vad....and see you all !!

06[12:13] * Geo geo taking umbrella to work

[12:13] {hawkfan4} cya geo

[12:14] {Threei}  take care geo

[12:15] {patience} starting to sell the news vad?

[12:15] {dino} gj geo

[12:15] {Threei}  action is so slow, can't tell

[12:21] {patience} longer he talks, air is coming out of the market's balloon slowly

[12:22] {Threei}  strange... this news should be killing CEDC, yet it goes up:

[12:22] {Threei}  http://www.telegraph.co.uk/news/worldnews/europe/russia/3513268/Russians-turn-away-from-vodka-in-hard-times.html

[12:24] {wishbone} isn't cedc mostly owned by BUsh's brother in law?

[12:25] {Threei}  (US) PRESIDENT ELECT OBAMA PLEDGES TO HONOR THE BUSH ADMINISTRATION COMMITMENTS MADE OVER THE COURSE OF THE ECONOMIC CRISIS

[12:25] {Threei}  - Reiterates call for Congress to pass an aggressive stimulus plan in January. Once again declines to offer any numbers for the stimulus plan. "We need a big stimulus package to jolt the economy back to health."

[12:25] {Threei}  - Confirms that he intends to eventually roll back Bush tax cuts, but leaves open question of whether they would be actively rolled back or simply not renewed.

[12:33] {Threei}  press conference is over

[12:34] {dino}  good, back to business

[12:40] {laserdave1} hawk dcc when u get a sec

[12:43] {Threei}  hawk, don't break traditions and ignore dave

[12:44] {Threei}  we don't want him to think anyonbe here really wants to talk to him

[12:45] {laserdave1} dawg dcc please

[12:45] {Threei}  dawg... same comment by me

[12:46] {laserdave1} laserdave1 dcc please

[12:46] {laserdave1} hey this guy answered right away

[12:46] {Threei}  sigh

[12:51] {dawg} i had to answer dave vad but he promised not to bother me again

[12:53] {Threei}  ok... you are playing nice

[12:54] {Threei}  (CA) CANADIAN FIN MIN FLAHERTY: PLEDGES TO CUT TAXES IN ORDER TO BOOST THE ECONOMY

[12:54] {Threei}  - The new reality in Canada is wild swings in markets and ever-gloomier forecasts.{USD/CAD EUR/CAD}

[12:54] {dawg} .)

[12:55] {Threei}  nice and I don't even exchange postcards, so you can see why I am reluctant... :)

[12:56] {Threei}  if market resumes upward crawl, I am interested in JNPR

[12:56] {Threei}  it consilidates under 16, huge resistance level

[13:01] {Threei}  broke

[13:01] {Threei}  if you go for it, keep .85 stop

[13:02] {Threei}  or .88 if you are very anal-retentive... bottomed out at .89 on last pullback

[13:21] {brian3579} is this a joke on cnbc

[13:21] {Threei}  what is it?

[13:21] {brian3579} the prince

[13:21] {Threei}  PRINCE ALWALEED: REITERATES HIS SUPPORT FOR CEO PANDIT, CANNOT BE JUDGED AFTER SUCH A SHORT TENURE; COMMENDS THE US GOVERNMENT FOR ITS MOVE TO BAIL OUT CITI - CNBC INTERVIEW

[13:21] {Threei}  - says he believes Citi is overcapitalized at this point, but that is fine in the current environoment.

[13:22] {Threei}  prince says C has too much money, but that's OK, he can handle it

[13:22] {Threei}  JNPR 1:1 for .88 stop

[13:24] {wishbone} jnpr +11 ty31

[13:24] {wishbone} ty3i

[13:24] {Threei}  welcome sir

[13:25] {wishbone} sir......that's my dad

[13:25] {Threei}  any male above 13 is sir, and any female above 11 is ma'am for me

[13:25] {wishbone} oh...lol

[13:25] {Threei}  ('cause I am THAT polite)

[13:26] {wishbone} Mr. Polite

[13:26] {Threei}  my middle name

[13:26] {Threei}  just ask chaeron

[13:26] {wishbone} chaeron is Vad polite?

[13:26] {Threei}  {Chaeron} Yup. Right. Exactly

[13:28] {Threei}  Chaeron, take your sleepy face out of potatoe salad and confirm that I am polite unless you want to be trouted relentlessly

[13:28] {hawkfan4} lol

[13:29] {Threei}  JNPR 1:1 for .85 stop

[13:31] {Chaeron} zzzzzzzzzzzzz.. snort... huh? wha? yeah yeah... Vad polite... yeah.. zzzzz

[13:31] {Threei}  there

[13:32] {Threei}  btw, let me politely point out that in your sleep you missed JNPR trade

[13:33] {Threei}  also, my politeness progresses with time

[13:33] {Threei}  I used to have a script that automatically answred lasredave dcc with "go away" message

[13:33] {Threei}  now it's "Allow me politely ask you to go away"

[13:47] {Chaeron} Dave, would you kindly DCC please? (Since Vad is giving lessons on politeness...)

06[13:48] * Chaeron slaps laserdave1 around a bit with a large trout

[13:48] {Chaeron} told you politeness doesn't work with some ppl

[13:49] {Threei}  I know

06[13:49] * Geo slaps Threei around a bit with a large trout

[13:49] {Geo} thats for making me miss jnpr

[13:49] {Threei}  making?

[13:49] {Geo} yes

[13:49] {Threei}  you left on your own will

[13:49] {Geo} you could have willed the setup to happen while i was around

[13:50] {Geo} (high expectations)

[13:50] {Threei}  paraphrasing Stephen King,

[13:50] {Threei}  There will be profit if market wills it

[13:50] {Geo} sage advice indeed

[13:52] {dino} give me what i want

[13:52] {Threei}  and I'll go away? :)

[13:52] {Geo} :)

[13:53] {Chaeron} }}}  Russians turn away from vodka in hard times (Telegragh.co.uk) The global financial crisis is succeeding where many a Kremlin campaign has failed by forcing Russians to turn away from the vodka bottle. 

[13:54] {dino} lol

[13:58] {Threei}  feels like market gathering forces and probing ground for another powerful rally

[13:58] {patience} yup

[13:58] {Threei}  one more pullback is likely before main push comes

[13:58] {Threei}  QQQQ around .75 - .80 should be it

[14:01] {Threei}  HEARING DRYBULK SHIPPERS DEFENDED AT JEFFERIES (TIMING UNCERTAIN)

[14:01] {Threei}  {DRYS EXM DSX EGLE GNK OCNF FREE}

[14:01] {Threei}  DRYS quite a move

[14:08] {Chaeron} Q's

[14:11] {Threei}  took .74

[14:12] {dino} mcd sm l .50

[14:17] {laserdave1} chaeron dcc

[14:18] {Threei}  PIMCO'S BILL GROSS: HAS NEW CONFIDENCE THAT REMAINDER OF TARP MONEY WILL BE DISTRIBUTED MORE WISELY WITH CLEAR DISTINCTIONS

[14:18] {Threei}  meaning, first part was distributed unwisely and without clear instructions, right?

[14:20] {Threei}  OK market... you did enough of see-sawing and made everyone seasick

[14:20] {Threei}  now it's time to spike like there is no tomorrow

[14:20] {patience} funny how you can be totally in the zone trading and drop out of like a stone

[14:20] {dino} but there is

[14:21] {Threei}  hey

[14:21] {Threei}  it obeys

[14:21] {Threei}  I need to try it again

[14:21] {Threei}  ok market now just move up and don't look back anymore

[14:21] {Threei}  half out Qs

[14:21] {Threei}  .91

[14:21] {Threei}  +.15

06[14:22] * Threei slaps Chaeron around a bit with a large trout

[14:22] {Threei}  anyone took it?

[14:23] {lisa_jay} Sorry Vad, was busy with sick kids today.  Nice trade though.

[14:24] {Threei}  sorry to hear Lisa

[14:24] {hawkfan4} yessir, very nice

[14:24] {Threei}  didn't emntion UAUA entry .65

[14:24] {Threei}  grrr

[14:24] {Threei}  I thought I did

[14:31] {jmb} Vad - Thanks JNPR

[14:31] {Threei}  welcome jmb :)

[14:31] {Threei}  out 1/4 more Qs

[14:31] {Threei}  28.03

[14:31] {patience} thanks for the power up heads up...nibbled into goldcorp april options again

[14:32] {Chaeron} 28.01 out in full for +0.18

[14:32] {Chaeron} Thanks vad

06[14:32] * Chaeron slaps Threei around a bit with a large trout

[14:32] {Threei}  :)

[14:32] {Threei}  that's the language I understand

[14:33] {Threei}  stop is .85 for the last portion

[14:33] {Threei}  letting it trade

06[14:34] * Chaeron slaps laserdave1 around a bit with a large trout

[14:45] {Threei}  we had what, just one little stop in the morning?

[14:45] {Threei}  good to be positioned on the right side

[14:45] {patience} what is volume like today vad, please

[14:45] {Threei}  a little lower than Friday so far

[14:46] {patience} ty

[15:01] {Chaeron} Geo... DCC please?

[15:02] {Threei}  a lot of non-computable (for me) things in the following release by HRLY (Harley-Davidson)

[15:02] {Threei}  RECEIVES $4.5M CONTRACT FOR MICROWAVE ASSEMBLIES FOR F-16 UPGRADES

[15:02] {Threei}  - Herley New England in Woburn, MA, has been awarded the first production contract to provide custom designed complex microwave assemblies developed for ongoing F-16 upgrades.

[15:02] {Threei}  isn't it odd? :)

[15:02] {patience} talk about diversifying your company products

[15:03] {Threei}  no kidding

[15:03] {cosmo} its road warrior tech...

[15:04] {hawkfan4} and imagine how hard it must be to make microwave popcorn while you're flying one of those things

[15:04] {patience} lol

[15:07] {lisa_jay} Vad u still in last Q's portion?

[15:07] {Threei}  yeah

[15:07] {lisa_jay} nice

[15:07] {Threei}  about to sell

[15:07] {Threei}  want one last spike

[15:08] {lisa_jay} took all afternoon to break out of the asc. tri

[15:10] {Threei}  out

[15:10] {Threei}  28.24

[15:10] {Threei}  +.60

[15:11] {Threei}  ot .50

[15:11] {wishbone} nice

[15:11] {Threei}  0r

[15:11] {Threei}  or

[15:11] {Threei}  there

[15:11] {Threei}  see... I can type

[15:11] {KSystems} neat

[15:11] {Threei}  ah who am I kidding... I can't

[15:15] {patience} relief not to have the wild swings and more normal trading day

[15:16] {lisa_jay} yes

[15:16] {Threei}  this is great action

[15:16] {Threei}  nice slow climb

[15:16] {patience} vad, you think accummulation starting again?

[15:16] {Threei}  part of it takes place today, sure

[15:17] {Threei}  it's not being done in one chunk

[15:17] {Threei}  some nibbling here, some there

[15:17] {Threei}  waiting outthe storm, adding

[15:17] {patience} did some canadian bank, coal, energy buys for mom's account, putting some cash back to work

[15:26] {dino} sm l afam .00

[15:34] {dino} out mcd .60 +.10 thing won't  move today

[15:35] {patience} profit is a profit   :)

[15:35] {dino} sure now itgoes

[15:40] {Threei}  OK, this I have to post

[15:40] {Threei}  just don't talk to me 5 minutes after that, this is how long I'll need to roll on floor laughing

[15:40] {Threei}  GS

[15:40] {Threei}  PRIVATE WEALTH CHIEF MAY REPORTEDLY RETIRE AT YEAR END FOR OTHER OPPORTUNITIES

[15:42] {Threei}  wow JNPR

[15:42] {dino} dji +15% in two days, sell the rip time

[15:42] {Threei}  as far as I know hawk... he still hasn't sold any

[15:42] {Threei}  +510 dino...

[15:42] {hawkfan4} lol, didn't take that one :(

[15:43] {Threei}  ugh

[15:43] {dino} yes, too much too soon imo

[15:50] {dino} sm s mcd .90

[15:52] {Threei}  good call on drop dino

[15:52] {dino} cov mcd .35, +.55

[15:52] {dino} ty

[15:53] {dino} way soooooooon

[15:53] {Threei}  200 points drop

[15:53] {dptl} have a good evening all

[15:53] {Threei}  in 10 min

[15:53] {Threei}  take care dp

[15:53] {dino} cya dp

[15:54] {hawkfan4} c u dp

[15:59] {Threei}  Ok guys, very good day

[15:59] {dino} out afam .99, -.01

[15:59] {Threei}  thank you all

[15:59] {Threei}  have a great evening

[15:59] {Threei}  see you tomorrow

[15:59] {patience} excellent day, ty vad

[15:59] {hawkfan4} thx vad, great calls 

[15:59] {hawkfan4} u 2 dino

[15:59] {lisa_jay} thanks Vad

[16:00] {Chaeron} thanks again Vad

[16:00] {Chaeron} bye guysw

[16:00] {hawkfan4} nite all