Dec 26 2008

We made it a short session, too low volume. Nonetheless, PLD and USO trades made for a nice profitable day.

                                                                                               

Session Time: Fri Dec 26 00:00:00 2008

[08:07] {Onix} Good morning 3i, jmb & tomg

[08:07] {Threei}  Good morning

[08:08] {Onix} You could not sleep either hey?

[08:08] {Threei}  age... :)

[08:09] {Onix} ya

[08:13] {Onix} Vad, could your daughter make it home yet? 

[08:14] {Threei}  thankfully yes

[08:14] {Threei}  with flight delays, but that's minot inconvinience these days

[08:14] {Threei}  minor

[08:14] {Onix} thats great ... you had a good xmas then?

[08:15] {Threei}  fantastic

[08:15] {Onix} yes, there is nothing like having the children home for Xmas

[08:17] {Threei}  and feeding them to the point of fainting

[08:17] {Onix} no, that is not so good of you! 

[08:17] {Threei}  no, but who is to stop me?

[08:18] {Onix} true, they can go back on their diets when they go home again

[08:19] {Threei}  eqzaktly

[08:20] {Threei}  AMZN

[08:20] {Threei}  REPORTS 2008 HOLIDAY SEASON

[08:20] {Threei}  - Says 6.3M items ordered worldwide on its peak day of Dec. 15, notes it is the best holiday season ever for the compay

[08:21] {Larisa1} good morning :)

[08:21] {Threei}  Larisa :)

[08:21] {Larisa1} hi threei :)

[08:22] {Onix} hi there Larisa

[08:23] {Larisa1} onix :)

[08:24] {_elepet} good morning.

[08:24] {Threei}  elepet :)

[08:38] {Onix} hi lelepet

[08:58] {gen} gm Room

[08:58] {lisa_jay} Good Morning 

[08:58] {Threei}  gen, lisa :)

[08:59] {gen} Vad :)

[08:59] {gen} lisa:)

[09:06] {patience} happy boxing day RT

[09:06] {Threei}  patience :)

[09:07] {dawg} gm all

[09:08] {Threei}  dawg :)

[09:09] {dino} gm all

[09:09] {Threei}  dino :)

[09:10] {dino} :)

[09:12] {Threei}  keeping an eye on AMZN, PLD

[09:13] {Onix} hi gen, lisa, patience, dawg & dino

[09:13] {gen} Onix:)

[09:13] {lisa_jay} Hi Onix.

[09:14] {wishbone} good moring all

[09:14] {Threei}  wish :)

[09:15] {tomg} gm all

[09:15] {Threei}  tom :)

[09:18] {Onix} hi wishbone, tom

[09:18] {tomg} hi Onix

[09:20] {wishbone} hi onix

[09:21] {magoo} morning and hope everyone had nice holiday

[09:22] {Threei}  magoo :)

[09:25] {Onix} hi magoo, yes ty

[09:25] {Threei}  12/24/08 07:29pm

[09:25] {Threei}  [GM] General Motors Corp GMAC unit approved by Fed as bank holding co; Utah Dept of Financial institutions also approves GMAC Bank as a State bank

[09:25] {Threei}  -The Federal Reserve stated it stepped in ahead of Friday's GMAC debt for equity exchange deadline, citing "emergency conditions" are needed to speed GMAC's approval and ensure good participation Friday.

[09:25] {Threei}  -Vote was 4-1. Ms. Duke the head of the American Bankers Association was the sole dissenter.

[09:25] {Threei}  -As a condition of the sale the Fed requires GM to reduce its stake in GMAC from 49% to 10%. The other majority owner, PE firm Cerberus, will also be required to reduce its stake in GMAC to a range of 15-33% from 51% currently.

[09:27] {Onix} the plot thickens

[09:30] {Threei}  AMZN

[09:31] {Threei}  half lot long closer to 53

[09:31] {Threei}  never mind

[09:31] {Threei}  lol

[09:35] {Threei}  .55 long if holding .40

[09:35] {magoo} watching PLD

[09:36] {magoo} missed it

[09:39] {lisa_jay} GRMN Vad?

[09:40] {Threei}  not sure, too low volume

[09:41] {lisa_jay} Ok, thanks.

[09:42] {Threei} Long Setup:  RIMM  half lot 41 break if stays above 40.80

[09:43] {dino} vol. low on everything

[09:43] {Threei}  only natural for such day

[09:43] {Threei}  PLD

[09:44] {Threei}  either pullback into 13 area for long

[09:44] {Threei}  or .60 break

[09:44] {Threei}  stop under .40

[09:44] {Threei}  break is much riskier

[09:46] {Threei}  half out .75

[09:47] {Threei}  offer 1/4 more .above .90

[09:48] {Threei}  stop trailed to under .50

[09:48] {magoo} took 87

[09:48] {magoo} TY vad

[09:48] {Threei}  welcome

[09:49] {tomg} ty vad

[09:49] {Threei}  :)

[09:50] {dino} cb l hl .74

[09:51] {Threei}  stop to .55

[09:52] {dino} cb stop to .98

[09:54] {Threei}  double top at .90... really needs to break it this time or it's done for the time beeing

[09:54] {dino} out cb +.24

[09:55] {Threei}  out PLD balance

[09:56] {Threei}  stkl

[09:56] {Threei}  never mind, wrong window

[10:01] {Threei}  going over 14, PLD... hard to nail entry though

[10:01] {dino} afam sm l .35, stop .98

[10:02] {dino} thin, gappy

[10:03] {Threei} Long Setup:  PLD  .25 half lot

[10:03] {Threei}  stop under 14

[10:03] {Threei}  PLD goes significantly higher, IMO

[10:04] {Threei}  just too volatile

[10:04] {dino} air pocket afam tighten to .04

[10:06] {Threei}  half out .45 PLD

[10:06] {Threei}  stop to under .20

[10:07] {Threei}  offering balance at .75

[10:07] {magoo} waiting 67

[10:07] {Threei}  not looking

[10:07] {Threei}  just waiting for machine-gun sound of order filled

[10:08] {Threei}  on either side

[10:10] {Threei}  Ok

[10:10] {dino} afam stopped

[10:10] {Threei}  waiting for deeper pullback

[10:10] {Onix} hig?

[10:11] {Threei}  HIG, if market starts moving I'd try .80 break

[10:11] {Threei}  stop under .70 for scalpers

[10:11] {Onix} ty

[10:11] {lisa_jay} amzn

[10:12] {Threei}  HIG looks strong enough to try but it does need market help

[10:12] {Onix} ty

[10:22] {Threei}  whether you partialed or not when it hit 1;1, stop is now under .80

[10:24] {Onix} out .89 ty

[10:25] {Threei}  :)

[10:26] {Onix} RMBS?

[10:27] {Threei}  no read on this one

[10:27] {Onix} ty

[10:27] {magoo} whats your read PLD here vad?

[10:28] {Threei}  14 break with stop under .80

[10:28] {Threei}  half lot

[10:28] {magoo} ty

[10:29] {Threei}  it has look of "surprise is coming"... just low volume day with few players that can cause fizzle-out instead of real run

[10:29] {Threei}  if loses .80 wait for bounce entry near .50

[10:29] {magoo} yeah..but traders were on it wed and they know

[10:32] {Threei}  anyone caught this dip to .53?

[10:32] {magoo} i got 67

[10:33] {Threei}  a bit high...

[10:33] {magoo} yeah

[10:34] {Threei}  try to exit half at least around .80

[10:41] {Onix} fortunately i missed it

[10:43] {lisa_jay} lol

[10:45] {Threei}  it gave a scalp with entry close to .50

[10:45] {Threei}  missed near 13 though

[10:46] {dino} sds sm l .50

[10:48] {Threei}  watching for double bottom off 13

[10:49] {Threei}  nope

[10:51] {Threei}  12.50 next

[10:57] {dino} out sds .44 -.06

[10:57] {magoo} keep reading it vad

[10:57] {magoo} feels like 15 today

[11:02] {tomg} ty amzn, pld Vad, have a good weekend everyone

[11:03] {Threei}  take care tom, have a good one

[11:03] {patience} bye tom

[11:03] {magoo} u too tom:)

[11:03] {dino} cya tom

[11:09] {Threei} Long Setup:  USO  half lot 28 break if stays above 27.90

[11:10] {magoo} scalp or move?

[11:10] {Threei}  no idea, lol

[11:12] {dino} mant spike

[11:13] {Onix} in

[11:14] {lisa_jay} in

[11:17] {magoo} read AMZN here vad?

[11:18] {Threei}  .30 long

[11:18] {Threei}  USO 1:1... half or scalp

[11:18] {Onix} half out .14

[11:19] {Threei}  under .15 AMZN invalidated

[11:19] {Threei}  or stopped

[11:20] {Threei}  nice exit onix, top-ticked it

[11:20] {Onix} ty

[11:21] {Threei}  lisa?

[11:21] {lisa_jay} still in vad

[11:21] {Threei}  not even part?

[11:22] {lisa_jay} nope..missed it :-(

[11:22] {lisa_jay} moved stop to .99 though.

[11:23] {Threei}  yes

[11:23] {Threei}  it spent almost 2 min over 1:1... wake up :)

[11:23] {lisa_jay} trout me...:-)

06[11:24] * dino slaps lisa_jay around a bit with a large trout

[11:24] {Threei}  nope... Christmas spirit... can't

[11:24] {Onix} i was lucky for i put my seel in before the time for .14

[11:24] {Threei}  here it is again

06[11:25] * magoo slaps lisa_jay around a bit with a large exit strategy

[11:25] {lisa_jay} Thanks Vad...got out now.  Got 11c out of the trade.

[11:25] {Threei}  lisa... miss second chance and I wuill forget the Christmas spirit!

[11:25] {Threei}  oh, OK :)

[11:25] {dino} sm s mant .11

[11:26] {Threei}  ok AMZN, it's time

[11:26] {lisa_jay} Missed the nice PLD trades in the morning...took an AMZN trade for .2 and let it ride to breakeven.  I really need to wake up.

[11:26] {Threei}  1:2 USO

[11:27] {gen} bye guys I am done for today :) 

[11:27] {Onix} 1/4 out more o .17 ty

[11:27] {gen} Merry Christmas

[11:27] {dino} later gen

[11:27] {Threei}  take care gen

[11:27] {Onix} see ya gen

[11:28] {dino} gmcr jumpy

[11:28] {Threei}  no worky AMZN

[11:29] {Threei}  USO over 1:3

[11:29] {Threei}  1:4, all out

[11:31] {Onix} wtg

[11:35] {dino} sso l .54

[11:36] {Onix} last 100 out .59, ty Vad

[11:36] {Threei}  beauty

[11:38] {dino} gj

[11:39] {Onix} ty

[11:40] {lisa_jay} nice trade guys.

[11:53] {magoo} AMZN

[11:56] {magoo} PLD gets ready imo

[12:03] {Threei}  feels so... closest support is .15

[12:03] {magoo} in just now .21

[12:03] {Threei}  market is trying to help

[12:03] {magoo} im thinking 14  and then more

[12:04] {magoo} with heavy breathing

[12:04] {lisa_jay} Any trade call on PLD Vad?

[12:04] {Threei}  if .33 offer is taken, should spike to over .40

[12:04] {dino} rimm sm l .65

[12:05] {Threei}  actually offer moved to .29 and got eaten

[12:05] {magoo} yeah..i loked 33 saw nuttin

[12:06] {Threei}  here we go

[12:07] {magoo} id like toi see 60 area

[12:07] {Threei}  over .40

[12:08] {magoo} waiting .61 

[12:08] {Threei}  taking .50 is next hurdle

[12:08] {magoo} can change mind on a dime

[12:12] {magoo} hope it doesnt rinse me first

[12:27] {Threei}  lost drive

[12:27] {Threei}  and will to live

[12:50] {dino} sso stopped -.10

[12:51] {laserdave1} hey everyone

[12:51] {laserdave1} hope you all had a nice Christmas

[12:52] {laserdave1} and Santy was good to you

[12:52] {magoo} same to u dave

[12:53] {dino}  ty dave, back at you

[12:53] {laserdave1} hopefully santa will give us a good year!!

[12:53] {laserdave1} thanks guys

[12:54] {dino} ouch afam

[12:57] {Threei}  hey dave

[12:58] {laserdave1} howdy

[12:59] {Onix} hello dave

[12:59] {laserdave1} hello

[13:01] {Threei}  GM

[13:01] {Threei}  SOURCES FEEL THAT GMAC GETTING CLOSE TO REACHING GOAL OF 75% PARTICIPATION IN $38B DEBT EXCHANGE - CNBC

[13:01] {Threei}  - note: the debt exchanged deadline is today at 5pmET

[13:02] {Threei}  everything is so dead

[13:02] {Threei}  NQ range for the day is 10 points

[13:02] {Threei}  when was last time was this?

[13:02] {Threei}  2006?

[13:02] {Threei}  lol

[13:03] {Threei}  volume is at part with Wed, and Wed was half day

[13:03] {Threei}  at par

[13:03] {Threei}  how about we just end it and have a great weekend?

[13:04] {Threei}  we are up for the day, what's the need to seek adventures

[13:05] {Threei}  anyone has opinion about that? or you all are asleep anyway?

[13:06] {Threei}  I'll take it as an answer

[13:07] {Threei}  thank you all

[13:07] {Threei}  have a great weekend, see you all on Monday

[13:09] {magoo} bye vad

[13:10] {laserdave1} c ya Vadster

[13:10] {Onix} thanks a million Vad, i will also go and enoy the weekend

[13:12] {dawg} bye Vad

[13:12] {lisa_jay} Bye Vad.   Thanks.

[13:12] {_elepet} has everybody left?

[13:14] {magoo} im here

[13:16] {Onix} i am here

[13:20] {_elepet} That's good.  I just wanted to say good bye for awhile.  I'm off to Mexico soon, and if the internet connection there works, I'll be seeing you around the 16th of Jan.  I haven't participated much but have been watching and hopefully learning from all of you and from my mistakes.so thanks.

[13:20] {magoo} good luck too u

[13:25] {dino} .

[13:26] {dino} have fun elepet

[13:30] {Onix} have a good time elepet, bye

[13:30] {dino} afam l sm .90 break

[13:31] {magoo} PLD

[13:44] {_elepet} i haven't left yet. what about PLD?

[13:47] {Onix} looks a little tired to me :)

[13:47] {magoo} watching it

[13:49] {magoo} its risky but i think its not done

[13:51] {Onix} OI  is moving nicely

[14:03] {_elepet} possible entry for PLD?

[14:04] {magoo} needs mkt help

[14:04] {magoo} but if mkt would get going

[14:05] {magoo} close too 13 is good long..78 stop

[14:08] {_elepet} i got in at 13.05. wondering when to get out.

[14:09] {magoo} first exit .40...then .60

[14:09] {_elepet} i have trouble with getting out.

[14:09] {magoo} .77 stop

[14:11] {magoo} partial here

[14:14] {magoo} el??

[14:15] {_elepet} i don't have enough shares to partial. market seems to be heading up so i'm holding.

[14:15] {magoo} ok

[14:15] {magoo} stop would be flat now

[14:31] {magoo} 14 is in the cards imo

[14:31] {_elepet} still in

[14:31] {magoo} yes

[14:31] {magoo} i patialed at .31

[14:34] {_elepet} 14 would be nice. I had figured .45 but past there now

[14:35] {patience} toronto is closed today, Goldcorp is up $1.78 on the US side.   Nice slow trade.

02[14:45] * Disconnected

02[14:45] * Attempting to rejoin channel #discussions

03[14:46] * Rejoined channel #discussions

05[14:46] -Threei- [Welcome-#discussions] Welcome to the RealityTrader Discussion Room. Please read our disclaimer at: www.realitytrader.com/disclaimer.htm before proceeding.

[14:46] {Threei}  USO over 1:3

[14:46] {Threei}  1:4, all out

[14:46] {Onix} wtg

[14:46] {dino} sso l .54

[14:46] {Onix} last 100 out .59, ty Vad

[14:46] {Threei}  beauty

[14:46] {dino} gj

[14:46] {Onix} ty

[14:46] {lisa_jay} nice trade guys.

[14:46] {magoo} AMZN

[14:46] {magoo} PLD gets ready imo

[14:46] {Threei}  feels so... closest support is .15

[14:46] {magoo} in just now .21

[14:46] {Threei}  market is trying to help

[14:46] {magoo} im thinking 14  and then more

[14:46] {magoo} with heavy breathing

[14:46] {lisa_jay} Any trade call on PLD Vad?

[14:46] {Threei}  if .33 offer is taken, should spike to over .40

[14:46] {dino} rimm sm l .65

[14:46] {Threei}  actually offer moved to .29 and got eaten

[14:46] {magoo} yeah..i loked 33 saw nuttin

[14:46] {Threei}  here we go

[14:46] {magoo} id like toi see 60 area

[14:46] {Threei}  over .40

[14:46] {magoo} waiting .61 

[14:46] {Threei}  taking .50 is next hurdle

[14:46] {magoo} can change mind on a dime

[14:46] {magoo} hope it doesnt rinse me first

[14:46] {Threei}  lost drive

[14:46] {Threei}  and will to live

[14:46] {dino} sso stopped -.10

[14:46] {laserdave1} hey everyone

[14:46] {laserdave1} hope you all had a nice Christmas

[14:46] {laserdave1} and Santy was good to you

[14:46] {magoo} same to u dave

[14:46] {dino}  ty dave, back at you

[14:46] {laserdave1} hopefully santa will give us a good year!!

[14:46] {laserdave1} thanks guys

[14:46] {dino} ouch afam

[14:46] {Threei}  hey dave

[14:46] {laserdave1} howdy

[14:46] {Onix} hello dave

[14:46] {laserdave1} hello

[14:46] {Threei}  GM

[14:46] {Threei}  SOURCES FEEL THAT GMAC GETTING CLOSE TO REACHING GOAL OF 75% PARTICIPATION IN $38B DEBT EXCHANGE - CNBC

[14:46] {Threei}  - note: the debt exchanged deadline is today at 5pmET

[14:46] {Threei}  everything is so dead

[14:46] {Threei}  NQ range for the day is 10 points

[14:46] {Threei}  when was last time was this?

[14:46] {Threei}  2006?

[14:46] {Threei}  lol

[14:46] {Threei}  volume is at part with Wed, and Wed was half day

[14:46] {Threei}  at par

[14:46] {Threei}  how about we just end it and have a great weekend?

[14:46] {Threei}  we are up for the day, what's the need to seek adventures

[14:46] {Threei}  anyone has opinion about that? or you all are asleep anyway?

[14:46] {Threei}  I'll take it as an answer

[14:46] {Threei}  thank you all

[14:46] {Threei}  have a great weekend, see you all on Monday

[14:46] {magoo} bye vad

[14:46] {laserdave1} c ya Vadster

[14:46] {Onix} thanks a million Vad, i will also go and enoy the weekend

[14:46] {dawg} bye Vad

[14:46] {lisa_jay} Bye Vad.   Thanks.

[14:46] {_elepet} has everybody left?

[14:46] {magoo} im here

[14:46] {Onix} i am here

[14:46] {_elepet} That's good.  I just wanted to say good bye for awhile.  I'm off to Mexico soon, and if the internet connection there works, I'll be seeing you around the 16th of Jan.  I haven't participated much but have been watching and hopefully learning from all of you and from my mistakes.so thanks.

[14:46] {magoo} good luck too u

[14:46] {dino} .

[14:46] {dino} have fun elepet

[14:46] {Onix} have a good time elepet, bye

[14:46] {dino} afam l sm .90 break

[14:46] {magoo} PLD

[14:46] {_elepet} i haven't left yet. what about PLD?

[14:46] {Onix} looks a little tired to me :)

[14:46] {magoo} watching it

[14:46] {magoo} its risky but i think its not done

[14:46] {Onix} OI  is moving nicely

[14:46] {_elepet} possible entry for PLD?

[14:46] {magoo} needs mkt help

[14:46] {magoo} but if mkt would get going

[14:46] {magoo} close too 13 is good long..78 stop

[14:46] {_elepet} i got in at 13.05. wondering when to get out.

[14:46] {magoo} first exit .40...then .60

[14:46] {_elepet} i have trouble with getting out.

[14:46] {magoo} .77 stop

[14:46] {magoo} partial here

[14:46] {magoo} el??

[14:46] {_elepet} i don't have enough shares to partial. market seems to be heading up so i'm holding.

[14:46] {magoo} ok

[14:46] {magoo} stop would be flat now

[14:46] {magoo} 14 is in the cards imo

[14:46] {_elepet} still in

[14:46] {magoo} yes

[14:46] {magoo} i patialed at .31

[14:46] {_elepet} 14 would be nice. I had figured .45 but past there now

[14:46] {patience} toronto is closed today, Goldcorp is up $1.78 on the US side.   Nice slow trade.

[14:46] {magoo} was bumped out

[14:46] {magoo} thats .65 cents on my PLD call

[14:46] {magoo} lets see if vad reads thru this scroll.....SLACKER VAD HE HE

[14:51] {magoo} watching AMZN here

[14:52] {_elepet} i'm still in. but getting antsy. up about .50

[14:53] {magoo} u should be offering out

[14:53] {magoo} iots a hard breather

[14:54] {magoo} take .70 and reload

[15:41] {dino} hum-dee-dum

[15:41] {Onix} .

[15:59] {dino}  out rimm .80, +.15

[15:59] {dino} out afam .95, +.05

[16:02] {_elepet} out pld +.50

[16:03] {_elepet} Thanks and so long for now.

[16:03] {magoo} good nite

[16:03] {dawg} thanks all

[16:04] {dino} thx all, take care

[16:04] {dino} taking this week off next year, volume not worth it

[16:05] {magoo} agrree