Tue Dec 02 2008

Little vacations do wonders. Just three days away, and the vision has this miraculous clarity... 6 calls, 6 winners - does it get better than this?

Session Time: Tue Dec 02 00:00:00 2008

[06:51] {KSystems} Bernanke Asserts Rate Cuts Alone Won't Cure Economy

[08:32] {Threei}  Good morning

[08:32] {Threei}  so, I go away for the weekend, and look what you guys do... drop Dow over 600 points, political coup in Canada

[08:33] {Threei}  tsk tsk tsk

[08:44] {Threei}  BALTIC DRY BULK INDEX FALLS 2.3%, A 10TH STRAIGHT DECLINE

[08:44] {Threei}  - Declines below 700 for the first time since 1986{DRYS DSX EGLE}

[09:00] {lisa_jay} Good Morning

[09:00] {Threei}  morning lisa

[09:00] {KSystems} Morning!

[09:01] {Threei}  KS :)

[09:03] {KSystems} Did you enjoy the weekend?

[09:03] {Threei}  very much

[09:03] {Threei}  amazing landscapes

[09:03] {KSystems} if you're going to upload some photos

[09:03] {Threei}  huge waves smashing the rocks

[09:03] {KSystems} please share :)

[09:03] {Threei}  I will

[09:04] {Threei}  I just need 48 hours days

[09:04] {Threei}  24 is not enough

[09:07] {Geo} gm

[09:07] {Threei}  Geo :)

[09:08] {Geo} laserdave was missing you vad

[09:08] {Threei}  did he cry?

[09:08] {Geo} almost

[09:09] {Threei}  I am glad I invoke such strong emotions in people...

[09:09] {Threei}  I just wish this impact was limited to females

[09:09] {Threei}  who needs to see crying man, really

[09:13] {Threei}  this time Ford CEO is not flying but driving down, and in hybrid car

[09:13] {Threei}  sigh

[09:14] {peterg} Good morning and welcome back!

[09:15] {Threei}  hi peter, thank you

[09:15] {peterg} I have a special inside bit of info for this room alone

[09:15] {peterg} Watch RIMM

[09:15] {peterg} I am going to cancel my contract for the Storm

[09:15] {peterg} I dont need it and wont use it

[09:15] {Threei}  uh oh

[09:15] {peterg} dont need to spend the extra bux

[09:15] {Threei}  poor RIMM

[09:16] {peterg} going to try to do it before mkt opens--brb

[09:18] {wishbone} gm all

[09:18] {Threei}  wishbone :)

[09:21] {Onix} Good morning all

[09:21] {Threei}  onix :)

[09:25] {Threei}  want to skip first minutes, see how nervous market is

[09:31] {peterg} RiMM must have heard I canceled

[09:31] {Threei}  yup

[09:31] {Threei}  thank you for warning

[09:31] {peterg} pleasure

[09:39] {Threei} Short Setup: AMAZN  small share 40.20

[09:39] {Threei}  AMZN

[09:39] {Threei}  if stays under .50

[09:40] {Threei}  .50 break can serve as a long trigger for a scalp if not losing .30 anymore

[09:40] {Threei}  triggered on a short side

[09:40] {Threei}  stop above .40

[09:41] {Threei}  lol, almost hit 1:1 while I was typing

[09:41] {Threei}  cover half here, scalpers take profit

[09:41] {Threei}  over 1:1

[09:41] {tomg} ty vad

[09:41] {Threei}  1:2

[09:41] {Threei}  welcome tome

[09:42] {tomg} out 1:2

[09:42] {Threei}  tom, sorry

[09:42] {tomg} :)

[09:43] {Threei}  RIMM bounce time soon

[09:43] {Threei}  quick flush under 37

[09:44] {Threei}  too fast to post entry... scalped 36.93 - 37.23

[09:45] {tomg} 37.03 - 37.23 for me, ty vad

[09:45] {Threei}  beauty

[09:45] {Threei}  AMZN down fyull dollar from short trigger

[09:46] {Threei}  but we stinkin' scalpers had to cover too soon as always

[09:47] {Threei}  feels like strong snapback is coming

[09:47] {Threei}  short lived but strong

[09:49] {Threei}  searching for entries

[09:49] {Threei} Long Setup:  AMZN  39.10 small shares

[09:50] {Threei}  half out

[09:50] {Threei}  offer the balance above .60

[09:51] {Threei}  out in full

[09:51] {tomg} out amzn ty vad

[09:51] {Threei}  scorching hot today tom, eh

[09:52] {Threei}  AMZN was funny... hit profit zones before I could type the stop, lol

[09:52] {tomg} need to cool off :)

[09:52] {Threei}  why not... 3 for 3 in first 20 minutes

[09:52] {tomg} got half dollar on amzn :)

[09:52] {Threei}  my snapback came by the schedule

[09:53] {Threei}  yes, and look... we underestimated it again :)

[09:53] {tomg} yep

[09:53] {Threei}  but heck... volatile times, nothing's wrong with 50 cents scalp

[09:53] {Threei}  anyone else is awake?

[09:54] {patience} very much so  :)

[09:54] {Threei}  :)

[09:55] {Onix} seems like I am still fast asleep, could not catch any of your calls this morning

[09:55] {Threei}  gotta wake up, onix...

[09:55] {Threei}  they all moved fast but gave enough time for entry

[09:55] {Threei}  except RIMM bounce which was pretty much arbitrary

[09:58] {Threei}  look at snapback development

[09:58] {Threei}  exactly as planned

[09:58] {Threei}  strong and short-lived

[09:58] {Threei}  I need to take day off more often

[09:58] {tomg} i took some q's when you first saw the snapback coming

[09:58] {Threei}  scalped?

[09:59] {tomg} yep, just about 13 cents, i think

[09:59] {tomg} 5 cent risk

[09:59] {Threei}  go home tom

[09:59] {tomg} ok, i am

[09:59] {Threei}  I mean... 30 minutes in, you are 4 for 4

[09:59] {tomg} won't be here tomorrow or thursday mornings

[10:00] {tomg} thanks, vad, taking your advice, i'm outta here

[10:00] {Threei}  good idea

[10:00] {Threei}  odds will reverse sooner or later

[10:00] {Threei}  you made in 30 minyes more than on majority of day jobs in a day

[10:00] {tomg} logging off to reduce temptation :) have a good one everybody

[10:00] {Threei}  even if you traded 200 shares

[10:01] {Threei}  take care, good going

[10:01] {Threei}  ok, now that I have chased happy customer away... what do you think of my business sense?

[10:02] {Threei}  F

[10:02] {Threei}  SUBMITTS BUSINESS PLAN TO CONGRESS

[10:02] {Threei}  {GM}

[10:05] {Threei} Long Setup:  DRYS  4 break if stays above 3.90

[10:09] {Threei}  stop to .94

[10:10] {Threei}  1:1, you know your options

[10:10] {Onix} got .08 in drys ty vad

[10:10] {Threei}  welcome

[10:11] {wishbone} drys +.11-.12 ty3i

[10:11] {Threei}  :)

[10:11] {lisa_jay} 10c on DRYS thanks Vad.

[10:11] {Threei}  good job all

[10:12] {Threei}  nice variety too

[10:12] {Threei}  first calls were on very fast stocks

[10:12] {Threei}  this one gave a lot of time

[10:12] {Threei}  and allowed for much bigger shares

[10:19] {Geo} nice vacation recharge boss

[10:19] {Geo} i am 1.5x right now

[10:22] {Threei}  cool beans

[10:26] {Chaeron} good morning all and welcome back Threei

[10:26] {Threei}  thank you chaeron

[10:26] {Threei}  got back with a bang, too... 4 for 4 this morning

[10:26] {Geo} hey chaer....

[10:26] {Geo} seems every time vad goes on vacation he comes back with a winning streak

[10:26] {Chaeron} hi Geo... dang... and I missed them all

[10:27] {Geo} how about you go on vacation every weekend?

[10:27] {Geo} eh vad?

[10:29] {Threei}  happily

[10:34] {Threei}  watching how UAUA holds here

[10:35] {Threei}  missed 9 break earlier

[10:36] {Threei}  if market breaks high here, I'd grab UAUA aggressively

[10:36] {Threei}  as close to .20 as possible

[10:38] {Threei}  even better... just need market to jump

[10:38] {Threei}  REPORTEDLY OPEC COMPLIANCE WITH THE 1.5M BBL OUTPUT CUT IN NOV IS RUNNING AT ABOUT 66%

[10:39] {Threei}  lol

[10:41] {Threei}  in

[10:41] {peterg} uaua?

[10:42] {Threei}  yes, got .15

[10:42] {wishbone} in .17

[10:43] {peterg} mr. stupidfingers got .19

[10:43] {Geo} stop vad?

[10:44] {Threei}  under .10 for scalpers, under 9 for a day trade

[10:45] {Threei}  teleprtation

[10:46] {Threei}  next move should be to above .30

[10:46] {Threei}  where scalpers have their 1:1

[10:57] {Threei}  ok Qs, enough of dribbling... jump already

06[10:57] * Threei slaps laserdave1 around a bit with a large chart of uptrending market

06[10:57] * Chaeron slaps laserdave1 around a bit with a large trout

[10:58] {Threei}  new high

[10:58] {Threei}  your turn UAUA

[10:58] {laserdave1} howdy

06[11:03] * Threei impatiently kicks the market in the rear

[11:09] {Geo} yawn

[11:11] {Threei}  half out UAUA .30

[11:19] {Threei}  nice move over .30 for those with higher entries

[11:19] {Threei}  solidly over 1:1

[11:21] {Threei}  1/4 more out

[11:21] {Threei}  wake up

[11:21] {Threei}  you will sleep through the selling points

[11:21] {Geo} scalped it with regret now

[11:21] {Geo} sorry

[11:21] {Threei}  anyone's still in?

[11:22] {Geo} was trying to preserve the gains from before

[11:22] {Threei}  nothing's wrong with that

[11:22] {Threei}  one thing I do sometimes when I am strongly inclined to protect profit

[11:22] {Geo} ?

[11:22] {Threei}  but tempted by attractively lkooking stock is

[11:22] {Threei}  sell 2/3 or 3/4

[11:23] {Geo} on 1:1?

[11:23] {Threei}  and just leave last small portion alone with stop under b.e

[11:23] {Geo} makes sense

[11:23] {Geo} i have been doing that

[11:23] {Geo} and thought i was chicken

[11:23] {Geo} lol

[11:23] {Threei}  here we go

[11:23] {Geo} so i guess its ok

[11:23] {Threei}  out .50

[11:23] {Threei}  +.35

[11:23] {Geo} nice

[11:23] {Threei}  5 for 5

06[11:24] * Threei slaps Chaeron around a bit with a large shiny airliner

[11:25] {Chaeron} UAUA in .26 out .45 a while ago... sorry... was busy... +.19

[11:25] {Threei}  :)

[11:51] {Chaeron} .

[11:51] {Geo} in UAUA

[11:51] {KSystems} each time someone types '.' Geo enters a trade

[11:51] {Geo} hehe

[11:52] {Geo} basic UAUA follow NQ trade

[11:59] {Geo} scratched trade .03

[12:26] {Threei}  loooong consolidation

[12:43] {Threei}  WSJ: FORMER AOL CEO IS TRYING TO RAISE MONEY TO ACQUIRE PORTION OR ALL OF YHOO

[12:44] {Threei}  imo... GOOD LUCK

[12:45] {Threei}  SCALPED 30 CENTS

[12:45] {Threei}  grrr

[12:45] {Threei}  what's with caps

[12:45] {Threei}  you all asleep?

[12:46] {Geo} .

[12:46] {laserdave1} its going nuts

[12:46] {Threei}  BELIEVES A DEAL CAN BE DONE AT APPROX $20-22/SHR - WSJ CITING SOURCES

[12:46] {Threei}  - reports say that former AOL CEO Miller has discussed the idea with some Yahoo board members and is talking to private equity and sovereign wealth funds about such a deal.

[12:58] {Threei}  Putin Labels Markets 'Unfair'

[12:58] {Threei}  welcome to capitalism

[12:58] {Threei}  http://www.themoscowtimes.com/article/600/42/372795.htm

[12:58] {Chaeron} life is unfair

[12:58] {Threei}  and then you die

[12:59] {Geo} after paying taxes

[13:00] {Threei}  or you pay them after death

[13:00] {Threei}  however you structure it, these two components will be there

[13:33] {peterg} cue beatle's song "Taxman"

[13:39] {Threei}  the day started out great, then got so boring that I am tracking all the twists and turns in canadian political coup

[13:39] {Threei}  quite fascinating actually

[13:41] {KSystems} ummm

[13:41] {KSystems} in a nutshell

[13:41] {KSystems} what happened?

[13:41] {Threei}  election ended 6 weeks ago producing minority goverment

[13:41] {KSystems} argh

[13:42] {Threei}  three opposition parties united over the weekend to form coalition government and take over

[13:42] {KSystems} do those three have _anything_ more in common that being opposition?

[13:42] {KSystems} that=than

[13:42] {Threei}  all are lefties

[13:43] {Threei}  other than that, no

[13:43] {KSystems} omg

[13:43] {Threei}  they've been at each other throats forever

[13:43] {Threei}  one of them is acrtually separatist party, with main aim to break up the country, lol

[13:43] {KSystems} perfect

[13:43] {KSystems} A good friend of mine is just about to emigrate to Canada this month

[13:43] {wishbone} and the appointed leaders's party is ahving a leadership race, so we voted for ....i mean didn't for for our next prime minister

[13:44] {Threei}  another is fringe socialist party, never having any realistic shot at being even close to forming the government

[13:44] {Threei}  finally third,

[13:44] {peterg} je  me souverains

[13:44] {Threei}  in last election shopwed it's worst performance in polls in Canadian history

[13:44] {wishbone} lol

[13:44] {KSystems} heh

[13:44] {Threei}  with lame leader rejected by both electorate and his own party

[13:45] {KSystems} and they run the country now?!

[13:45] {Threei}  well

[13:45] {Geo} they say the best argument against democracy is to have a conversation with the average voter

[13:45] {Threei}  not right away

[13:45] {peterg} so, who's on first?

[13:45] {Threei}  there is a process

[13:45] {peterg} is there PM yet?

[13:45] {Threei}  and current governement has options to stall

[13:45] {Threei}  regroup

[13:46] {Threei}  and try to avoid it all

[13:46] {Threei}  but not very many options

[13:46] {KSystems} call for new elections?

[13:46] {KSystems} thats what they usually do here

[13:46] {Threei}  one of options... sure to piss off the country

[13:46] {KSystems} until voters are tired of running to the booths, you finally have just over 20% of people voting 

[13:46] {Threei}  we had 3 elections in 5 years, and last one (widely regarded as unnecessary) ended 6 weeks ago

[13:48] {Threei}  to further complicate the situation,

[13:48] {Threei}  we have general-governor,

[13:48] {Threei}  representative of Queen

[13:48] {Threei}  largely decorative figure

[13:49] {Threei}  that usually rubber-stamps the decisions

[13:49] {KSystems} ahhh

[13:49] {Threei}  But in this situation she actually gets to decide what to do

[13:49] {KSystems} she?

[13:49] {Threei}  and this is not an elected official

[13:49] {Threei}  yes

[13:49] {KSystems} sounds funny

[13:49] {Threei}  beyond

[13:49] {Geo} ahhh

[13:49] {Geo}  i had forgooten you guys were a colony

[13:49] {Threei}  former high profile journalist

[13:50] {Threei}  was supposed to attend ceremonies and such stuff

[13:50] {KSystems} is this all going to turn into a serious problem, or just something for a good laugh?

[13:50] {Threei}  all of a sudden she actually needs to deide things that have profound effect on country course

[13:50] {KSystems} i mean, whats the worst thing that can happen now?

[13:50] {Threei}  depends on your percpective

[13:50] {Threei}  IMO{ worst thing:

[13:51] {Threei}  country is overtaken by socialists, separatists and leaderless scoundrels

[13:51] {Threei}  and it happens during the worst financial crisis of the century

[13:52] {Threei}  those three btw are not likely to be friends for very long

[13:52] {Threei}  that coalition will self-destruct quickly

[13:52] {Threei}  such instability and rapidly changing rules at this point - bad enough for ya? :)

[13:52] {KSystems} Michaelle Jean

[13:52] {KSystems} she has a beautiful name though

[13:52] {Threei}  that's her

[13:53] {KSystems} it sounds horrible

[13:53] {KSystems} not the name, that is

[13:53] {KSystems} the situation

[13:53] {Threei}  maybe she is wise enough to do the right thing... who knows

[13:53] {Threei}  nobody actually knows what she stands for, you see

[13:53] {KSystems} what would be the right thing in your opinion`

[13:53] {patience} she was a liberal appointee vad

[13:53] {Threei}  she was never supposed to be a decision-maker :)

[13:53] {Threei}  yes

[13:54] {Threei}  in my opinion (and I don't know the extent of her constitutional rights so it could be impossible),

[13:54] {Threei}  right thing qwould be to tell opposition leaders:

[13:54] {Threei}  here are election results,

[13:54] {Threei}  voters said they want this party to govern,

[13:54] {Threei}  no coalition,

[13:54] {Threei}  no new election,

[13:55] {Threei}  go back to parliament,

[13:55] {wishbone} i heard that vad!

[13:55] {patience} but gov won't withstand nonconfidence vote

[13:55] {Threei}  solve the problems nation faces,

[13:55] {patience} god willing she calls an election

[13:55] {Threei}  and if you can't - I freeze parliament sessions for the time being,

[13:56] {Threei}  and current governemtn rules as majority, unchallenged, until we run the process of consultations,

[13:56] {Threei}  until you run consultations within your oparties,

[13:56] {KSystems} she earns 110.126 $

[13:56] {Threei}  elect leader,

[13:56] {Threei}  and come back to me with plan how make it all work.

[13:57] {wishbone} current gov rules as minority vad

[13:57] {Threei}  I hope some chilling out period can work,

[13:57] {Threei}  I know

[13:58] {Threei}  read the context of my answer :)

[13:58] {Threei}  that was my description of what I'd see as a right thing for jean to do

[13:59] {Threei}  a lot of opposition MPs may re-think whole thing when they hear the reaction of voters and realize this can cost them dearly come next election

[13:59] {Threei}  whole coup was constructed between leaders, no party consulting

[13:59] {wishbone} exactly....power hungry...

[14:00] {Threei}  KS, to add pepper:

[14:00] {Threei}  tape recording emerged over weekend,

[14:00] {Threei}  showing that two of parties actually agreed on this course of action well in advance

[14:00] {Threei}  and just waited for a confidcence vote announced to trigger whole thing

[14:00] {KSystems} wow

[14:02] {Threei}  Question period starts now

[14:02] {Threei}  live on TV

[14:02] {Threei}  I am looking forward to see people banging each other heads with rowing paddles

[14:03] {KSystems} umm what station can I see it on?

[14:03] {KSystems} gonna turn in via web tv

[14:03] {Threei}  CBC

[14:03] {Threei}  no idea if you can see it on the web

[14:04] {Threei}  I am telling you... I never go on vacation again

[14:04] {Threei}  if this happens when I leave for three days, couple week vacation will probably get me into country with Gulag up and running

[14:04] {wishbone} lol

[14:05] {Threei}  if that happens, make sure you stay safe wishbone... I may need asylum, you know... corner in your basement?

[14:06] {wishbone} hey i'll be in the labor camps w/ you!:(

[14:06] {Threei}  OK... we have patience and ese as our backup

[14:06] {wishbone} lol

[14:06] {patience} you behind the tweed curtain wishbone?

[14:07] {wishbone} ?

[14:07] {wishbone} tweed curtain

[14:07] {patience} nope

[14:07] {patience} oak bay

[14:07] {Threei}  Oak bay :)

[14:08] {wishbone} no....never heard that expression...haven't lived in vic very long

[14:09] {Threei}  I don't see anything for this selloff

[14:10] {Threei}  just selling or I missed something?

[14:11] {Threei}  oil 47.50s?

[14:18] {Threei}  found it KS?

[14:18] {KSystems} yea but they dont seem to have a live stream available :-(

[14:22] {Threei}  opposition demands confidence vote... prime minister says screw you

[14:23] {Threei}  that's the short version

[14:23] {Geo} see any setups on RIMM vad?

[14:24] {Threei}  totally market dependent

[14:24] {Threei}  I'd say, short is more likely than long,

[14:24] {Geo} ok ty

[14:24] {Threei}  but I hnave not much confidence in particular setups

[14:27] {Threei}  if market drops sharply, try to get RIMM short as close to .50 as you can

[14:27] {Threei}  hopefully it's ll give a little delay

[14:31] {Threei}  car sales reports today

[14:31] {Threei}  I am not posting them all,

[14:31] {Threei}  numbers are ranging from -30 to -40% y/y mastly

[14:32] {Threei}  mostly

[14:50] {patience} vad, we are about to become the coldest banana republic....sniff sniff

[14:50] {Threei}  lol

[14:50] {Threei}  no kidding

[14:50] {Threei}  at least we could have bananas

[14:50] {Threei}  but noooo... the worst of both worlds

[14:50] {patience} yup

[14:51] {patience} i wonder if they have opened up a file on canada at the cia....it potentially needs intervention

[14:51] {wishbone} lol

[14:51] {wishbone} i was thinking that earlier patience!

[14:52] {patience} honestly, you  just laugh nervously at how bizzarro canada has become overnight

[14:52] {patience} what the heck happened to our stability....we don't act like this

[14:52] {Threei}  if they don't plan on intervention, I have a great idea

[14:53] {wishbone} it is truly strange

[14:53] {Threei}  let's announce war on USA, and surrender in 2 minutes

[14:53] {Threei}  there you go, problems soklved

[14:53] {Threei}  they have to opccupy us and feed us

[14:53] {Threei}  33 million prisoners of war

[14:54] {patience} do i keep my free health care?

[14:54] {wishbone} they are the largest global producer of rice....i like rice:)

[14:54] {Geo} heheheh

[14:54] {Geo} youre out of luck wishbone

[14:55] {patience} this is like the queen saying, right, i've had enough...the family agrees, we resign

[14:55] {Geo} i checked and costco doesnt have basmati anymore

[14:55] {Threei}  plenty here

[14:55] {Threei}  I can mail you a bag

[14:55] {Geo} i guess the invasion is one then

[14:55] {Geo} on

[14:55] {Threei}  for a small administrative fee

[14:55] {Threei}  or you can invade of course

[14:56] {patience} geo, invade victoria....might as well pick a good spot

[14:56] {Geo} rains too much

[14:56] {Geo} cant i just do a crank call

[14:57] {patience} a selling point geo, we have water, lots of it   :)

[14:57] {Geo} true true

[14:57] {patience} quick vad, what else do we have

[14:57] {patience} shrimp...vad can fish for you

[14:57] {Threei}  nope

[14:57] {patience} lots and lots of shrimp

[14:57] {Threei}  I'll be a prisoner, remember?

[14:57] {Threei}  he fishes for me

[14:57] {patience} damm, means you have to eat the fish

[14:57] {Threei}  cooks them too

[14:57] {Geo} prison shrimp boat captain

[14:57] {Geo} i like that

[14:58] {patience} there we are

[14:58] {Geo} chaer what do you think?

[14:58] {Geo} gotta ask the senior invader

[14:59] {patience} i gotta call paris and ask her where she got her prison outfit

[14:59] {KSystems} Now I'm waking up again

[14:59] {Threei}  didn't trust UAUA 9.20 break when it held 9... too bad

[15:00] {Geo} comeone vad call some trades

[15:01] {Geo} i need money to plan an invasion

[15:06] {Threei}  FRPT

[15:07] {Threei}  4.50 break for a scalp

[15:07] {Threei}  and its product is great for invasions

[15:09] {Threei}  GM TO POST PLAN ON WEBSITE AT 5PMET; TO HOLD PRESS BRIEFING AT 5:30PMET

[15:13] {patience} vad, is anybody trading anything in the market?

[15:13] {Threei}  why not

[15:13] {Threei}  things move

[15:13] {patience} i just dont see much movement in stocks

[15:17] {Threei}  just a scalp FRPT

[15:17] {Threei}  stop is either under .45 or .40

[15:17] {Threei}  both are valid

[15:24] {wishbone} vad, when i hit the offer of FRPT @ .51 when .50 first printed but i wasn't filled. what should i have tried for to get filled?

[15:24] {Threei}  which route?

[15:25] {wishbone} inte

[15:25] {wishbone} inet

[15:25] {Threei}  same here, got my fill...

[15:25] {Threei}  I guess just a fraction of second difference

[15:25] {wishbone} ok ty

[15:25] {Geo} what vad said

[15:25] {Threei}  .50 was eaten through very quickly

[15:25] {Geo} got your fill

[15:26] {wishbone} so u hit .51 or .5?

[15:26] {Threei}  I had .51

[15:26] {wishbone} ok

[15:26] {Threei}  but clicked as soon as .50 started melting

[15:26] {wishbone} i need a faster trigger finger

[15:26] {Threei}  also, here is little trick I taught magoo once

[15:26] {Threei}  when you deal with this kind of stocks where levels can disappear very quickly, do this:

[15:27] {Threei}  click your price,

[15:27] {Threei}  point cursor on the buy button,

[15:27] {Threei}  press the mouse button and keep it pressed

[15:27] {Threei}  now it will click when you let go

[15:27] {Threei}  Saves you time,

[15:27] {Threei}  faster to let go than do both

[15:28] {wishbone} huh

[15:28] {Threei}  BUT

[15:28] {Threei}  if you decide not to enter

[15:28] {wishbone} ther's always a but

[15:28] {Threei}  make sure you miove cursor away

[15:28] {wishbone} ok ty

[15:28] {Threei}  before you let go

[15:29] {wishbone} execution is huge in scalping eh!

[15:29] {Threei}  well, on fast stocks...

[15:29] {Threei}  be thankful you haven'ty had to do it in 1998-2000

[15:29] {Threei}  executions were nowhere as simple as today'

[15:29] {Threei}  s

[15:30] {Threei}  SOES, SelectNet, ECNs,

[15:30] {Threei}  5 min rule, 30 seconds rule

[15:30] {Threei}  SnetPref

[15:30] {Threei}  SOES queue

[15:30] {wishbone} lol

[15:30] {Threei}  I used to give classes on how to enter and exit

[15:30] {wishbone} ok i get it:)

[15:31] {Threei}  that was something to actually learn, believe it or not

[15:31] {Threei}  these days it's just a click for the most part

[15:32] {Chaeron} yeah... trading is for wusses now..... (teasing)

[15:32] {Threei}  lol

[15:32] {wishbone} lol

[15:33] {Threei}  as daunting as that was, it actually gave experienced traders some additional edge

[15:33] {Threei}  would take a fraction of second to evaluate who is at the offer and how to hit him right

[15:33] {Threei}  while newer traders had to think, or tried and failed

[15:33] {Chaeron} yep.. had to walk to my computer every morning... through 6' of snow and winds... uphill...

[15:34] {peterg} weak coffee

[15:34] {Geo} on a unicycle

[15:34] {Threei}  well, that was progress since times you had to use home pigeons to send your orders in

[15:34] {Chaeron} you called your brokers pigeons?

[15:35] {Threei}  tying a thin paper to its leg with "buy me a 1000 of IBM" and telling him to fly to NYSE floor

[15:35] {Chaeron} I mean they were about as intelligent as but... :)

[15:35] {Threei}  lol

[15:36] {Threei}  out FRPT

[15:36] {Threei}  .63

[15:36] {Chaeron} beauty

[15:38] {Threei}  6 for 6

[15:41] {Threei}  GM

[15:41] {Threei}  REQUESTS $12B, WITH INITIAL DRAW OF $4B IN DEC

[15:49] {Threei}  REPORTEDLY GM PLAN WILL REQUESTS $12B, WITH INITIAL DRAW OF $4B IN DEC, AND $6B BRIDGE LOAN; SUGGESTS ISSUING WARRANTS AS PART OF LOAN DEAL

[15:49] {Threei}  - has intention of repaying loans as soon as 2011.

[15:49] {Threei}  - to explore options for Saturn and Saab units; to focus on four core brands.

[15:49] {Threei}  - plans to have 15 hybrid models by 2012.

[15:49] {Threei}  - proposes additional pay cuts.

[15:50] {hawkfan4} geez, nice job vad.  not trading much this week, helping my Dad clean out his offices.  Closing down his drywall company after 30 years. 

[15:50] {Threei}  just retiring?

[15:51] {hawkfan4} nope, bad housing market + credit crunch, can't keep it going

[15:51] {Threei}  oh

[15:51] {Threei}  sorry :(

[15:52] {hawkfan4} thx.  Talk about a group of people who have no sympathy for the auto industry.  Residential construction industry decimated

[15:52] {Threei}  I can imagine...

[15:56] {peterg} Hawk, what region are you in?

[15:57] {peterg} state country

[15:57] {hawkfan4} chicago

[15:57] {peterg} yay!

[15:57] {peterg} hometown

[15:57] {peterg} before mpls

[15:57] {peterg} Hyde Park

[15:57] {peterg} me & obama

[15:57] {peterg} real close

[15:57] {hawkfan4} cool, where, ah, nice. lol

[15:58] {Threei}  OK guys, thank you all

[15:58] {Threei}  have a great evening, see you tomorrow

[15:58] {KSystems} take care vad

[15:58] {peterg} thank you vadster

[15:58] {Threei}  nice finish FRPT

[15:58] {Threei}  and GM

[15:59] {Threei}  whatever... tomorrow is new day

[15:59] {Threei}  not a good time to play with overnight positions

[15:59] {Threei}  or matches

[15:59] {Threei}  or run with scissors

[15:59] {hawkfan4} lol

[15:59] {hawkfan4} nite all

[16:02] {KSystems} nite everybody

[16:02] {KSystems} have a great evening